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hand holding scissors cba cut ties with aussie home loans

‘Clean and timely exit’: CBA to cut ties with Aussie
by James Mitchell • 26 Jun 2018
CBA’s decision to distance itself from Aussie Home Loans via the bundled spin-off of its wealth management business... READ MORE
ASIC

ASIC wants to embed agents within major banks
by Tim Stewart • 25 Jun 2018
New ASIC chairman James Shipton is asking the government for additional funds to embed staff within the big four banks... READ MORE
Mark Woolnough

RateSetter to ‘accelerate’ broker strategy with new appointment
by Reporter • 25 Jun 2018
Peer-to-peer lender RateSetter has confirmed that it has hired ING’s former head of third-party distribution and... READ MORE

Aussie to list on ASX as part of new wealth group
by Reporter • 25 Jun 2018
The Commonwealth Bank of Australia has announced that it will demerge its wealth management and mortgage broking... READ MORE
Conflict, chess piece

Industry ‘on notice’ over conflicts of interest: ASIC
by Reporter • 25 Jun 2018
The new chairman of ASIC has told a parliamentary committee that he plans to use “every inch” of the corporate... READ MORE
Scrutiny, expenses, cash

Credit squeeze hits elite brokers as lenders scrutinise expenses
by Reporter • 25 Jun 2018
As banks continue to tighten their home lending policies in response to regulatory pressure and the negative press... READ MORE
Young Leaders in Finance Awards 2018 winners

Young brokers recognised among elite finance professionals
by Reporter • 25 Jun 2018
A handful of young Australians working in the mortgage and finance industry have been recognised for their excellence... READ MORE
Money, cash, donation

Broker donates trail to charity
by Reporter • 22 Jun 2018
A Western Sydney-based broker is donating 10 per cent of his trail commission to charity to help support victims of... READ MORE
David Murray

Former CBA boss weighs in on broker commissions
by Tas Bindi • 22 Jun 2018
A former CBA chief executive has expressed his views on a potential “dilemma” with mortgage broker commissions and... READ MORE
CBA, Commonwealth Bank of Australia

Federal Court approves CBA’s $20m settlement over BBSW manipulation
by Tas Bindi • 22 Jun 2018
The Federal Court has approved Commonwealth Bank’s $20 million settlement with ASIC for manipulating the bank bill... READ MORE
Mutual home loan growth

Mutual home loan growth outpaces big four
by Reporter • 21 Jun 2018
The latest quarterly statistics from the prudential regulator show strong growth for the customer-owned banking... READ MORE
Reserve Bank of Australia

Future credit tightening to be ‘modest’: RBA
by Reporter • 21 Jun 2018
The central bank has noted the recent fall in home loan approvals, driven by tighter credit conditions, and is... READ MORE
mortgage brokers fight, boxing gloves, battle

Opinion: Brokers are battling for Aussie mortgage prisoners
by James Mitchell • 21 Jun 2018
Mortgage brokers are fighting against the tide of regulation that is stripping borrowers of their options and leaving... READ MORE
ING direct

ING loses long-serving broker head
by Tas Bindi • 21 Jun 2018
The non-major bank’s head of third-party distribution and direct mortgages has left the group and is understood to... READ MORE
decline, home prices, fall

Home prices to fall by 10% in Sydney and Melbourne: ANZ
by Reporter • 20 Jun 2018
The major bank is expecting home values to decline by 10 per cent peak to trough in response to restricted access to... READ MORE

Aggregators will have to evolve, says Aussie CEO
by Reporter • 20 Jun 2018
The CEO of Aussie has outlined his belief that aggregators will need to evolve in the near future to provide more... READ MORE
money, cash, Australian dollars

British brokers double their money in five years
by James Mitchell • 20 Jun 2018
New data has revealed that British mortgage brokers managed to double their revenue in five years while reducing their... READ MORE
under scrutiny

Parliamentary committee to put ASIC under the spotlight
by Reporter • 20 Jun 2018
The financial services regulator will face scrutiny from the House of Representatives Standing Committee on Economics... READ MORE
meeting, list, announced

Major banks back on the stand as RC rolls on
by Reporter • 20 Jun 2018
The witness list for the next round of hearings for the banking royal commission has been announced. READ MORE
afg competition index big four decline arrow down

‘Structural shift’: Big four losing broker business
by James Mitchell • 19 Jun 2018
Australia’s challenger banks are seeing a greater share of third-party mortgages as the big four continue to lose... READ MORE
Launch

Broker launches TV adverts to back broker channel
by Reporter • 19 Jun 2018
A Tasmania-based broker has embarked on a campaign to boost financial literacy and strengthen the public’s perception... READ MORE
lvr home loan drop arrow down

Lenders slashing high LVR home loans: RateCity
by Reporter • 19 Jun 2018
The number of lenders offering low-deposit home loans has dropped by 44 per cent in the past three years, new RateCity... READ MORE
money, pay rise, cash rolls

Pay rise on the cards for franchisees
by James Mitchell • 18 Jun 2018
Morningstar is confident that Mortgage Choice brokers will receive a significant boost in commissions next financial... READ MORE

Bluestone expands BDM team ahead of growth
by Reporter • 18 Jun 2018
The non-bank lender has announced that it has hired six new business development managers across three different states... READ MORE
home loan, increase, first quarter 2018

Home loan arrears rise in first quarter of 2018
by Reporter • 18 Jun 2018
Mortgage delinquencies rose over the first quarter of 2018 for both owner-occupied and investment home loans, according... READ MORE