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Bank announces broker commission changes
by Reporter • 27 Apr 2018
A non-major lender has announced that it is implementing changes to its broker commission payment model, including... READ MORE
Brokers

Bluestone enters near-prime market
by Reporter • 27 Apr 2018
Non-bank lender Bluestone Mortgages has announced its entry into the near-prime space with rate cuts of up to 225... READ MORE
Big debts, chasing debt

Opinion: APRA’s actions will reduce borrowing power
by James Mitchell • 27 Apr 2018
The banking regulator has swapped one lending curb for another as Australia’s lending crackdown continues. But new... READ MORE
Money, hands

Westpac Group announces new credit policy changes
by Reporter • 27 Apr 2018
Brokers will no longer be able to submit their own personal mortgage applications following Westpac Group’s policy... READ MORE
APRA

APRA removes investor benchmark
by Reporter • 27 Apr 2018
The prudential regulator has announced plans to remove the investor loan growth benchmark and replace it with “more... READ MORE
Virgin Money

Virgin Money appoints new head of third party
by Reporter • 27 Apr 2018
The non-major lender has announced the appointment of a new head of third-party distribution. READ MORE
Sam White, Loan Market

Industry veteran questions calls for standardised commissions
by Reporter • 26 Apr 2018
A move to introduce a standard upfront commission paid to brokers is not necessary, according to one Perth-based... READ MORE
Exit, immediate resignation

Brokerage CEO steps down following earnings downgrade
by Reporter • 24 Apr 2018
iSelect has announced the immediate resignation of CEO Scott Wilson as its share price plummets by more than 55 per... READ MORE
Arrow up, brokers, home buyer

Home buyers increasingly flocking to brokers
by Reporter • 24 Apr 2018
Australians are increasingly seeking expertise from mortgage brokers when purchasing a property, new research has... READ MORE
Partnership, ANZ

ANZ partners with new broker tool
by Reporter • 24 Apr 2018
The major bank has announced its “transformational” partnership with a fintech tool designed to improve... READ MORE
Sam White, Loan Market

Major brokerage calls for remuneration reform
by James Mitchell • 24 Apr 2018
One of the nation’s largest brokerages has called for a number of reforms to broker commissions and clawbacks and... READ MORE

Brokers unfazed by rise in online players
by Reporter • 23 Apr 2018
Mortgage brokers are not threatened by increased competition from online broking platforms, according to MyState Bank. READ MORE

FSC supports heavier penalties for corporate crooks
by Reporter • 23 Apr 2018
The Financial Services Council has backed the federal government’s decision to increase civil and criminal penalties... READ MORE
Mortgage

‘Flawed’ mortgage lending could trigger risk
by Reporter • 23 Apr 2018
Revelations of “flawed” lending practices uncovered by the royal commission could expose the property market to... READ MORE
prisoner holding out palms in jail bars 10 years of jail corporation act breach guilty

10 years of jail for most serious Corporations Act breaches
by Reporter • 23 Apr 2018
Individuals who are found guilty of breaching the Corporations Act could face up to 10 years in prison and/or... READ MORE

Compliance costs ‘should be on us’, says aggregator
by James Mitchell • 23 Apr 2018
The CEO of a boutique aggregator has confirmed that the group will not be passing on compliance costs to its members. READ MORE

Inaugural Aggregator Sentiment Survey launches
by Reporter • 23 Apr 2018
With increasing focus on compliance, scrutiny of commissions and digital disruption, aggregators are needing to... READ MORE

CEO of AMP resigns with immediate effect
by Reporter • 20 Apr 2018
AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down... READ MORE
NAB

NAB backs remuneration structure but calls for ‘improvements’
by Reporter • 20 Apr 2018
The major bank has written to brokers highlighting that it supports the current broker remuneration structure but... READ MORE
mortgage values rise

Total mortgage values rise in February
by Reporter • 20 Apr 2018
The total value of owner-occupier home loans increased in February, according to the latest data from the Australian... READ MORE
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More consistent support needed for new brokers: FBAA
by Reporter • 20 Apr 2018
The head of the Finance Brokers Association of Australia has said that the failure rate for new brokers is improving,... READ MORE

Aggregator acquires strategic interest in commercial lender
by Reporter • 19 Apr 2018
A major aggregator has entered into a binding agreement to make a strategic investment of 30.4 per cent (fully... READ MORE
Money, magnifying glass, pay the price

Opinion: Will brokers pay the price for increased scrutiny?
by James Mitchell • 19 Apr 2018
Aggregators are under pressure to monitor their members more closely and dedicate more resources to compliance, which... READ MORE
Broker, meeting

Industry has its say on who a broker acts for
by Reporter • 19 Apr 2018
Several leading brokers and brokerages have clarified who a broker acts for, outlining what they believe the true role... READ MORE
Arrow up, coins

Bank ‘forced’ to hike interest rates
by Reporter • 18 Apr 2018
A regional bank has said that it was forced to increase rates by up to 16 basis points this week in response to rising... READ MORE