Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Scales of Justice

Opinion: Has the RC got brokers all wrong?
by Reporter • 29 May 2018
While the royal commission continues its barrage of questions to lenders, one key question that the commission has... READ MORE
Arrow up, increase rate

Non-major hikes rates
by Reporter • 28 May 2018
A challenger bank has increased its interest rates for variable residential and investment loans by 9 basis points,... READ MORE
Money, cash, lots of money

Payday lender pays $650k after breaching guidelines
by Reporter • 28 May 2018
A personal finance company has paid more than half a million dollars to the National Debt Helpline after being found to... READ MORE
vigilance against scammers

ABA calls for vigilance against scammers
by Reporter • 28 May 2018
The industry association has urged Australians to be on guard against “unscrupulous” and “unsolicited” scammers... READ MORE
Error

Brokers entangled in banker errors
by Reporter • 28 May 2018
Two broker-originated loans have been brought under question by the financial services royal commission in the first... READ MORE
Mandeep Sodhi

HashChing granted $700,000 government loan to create new jobs
by Reporter • 28 May 2018
The online mortgage marketplace has been granted a $700,000 loan from Jobs for NSW. READ MORE
Magnifying glass, lending revealed

Non-major’s irresponsible lending revealed by RC
by Reporter • 25 May 2018
In a statement provided to the financial services royal commission, a bank has conceded that it breached its... READ MORE
demand self employed home loans green houses rising economy increase

Gig economy driving demand for self-employed home loans
by Tas Bindi • 25 May 2018
A non-bank lender has recorded a 20 per cent increase in demand for specialist home loans in the first half of FY2018. READ MORE

Revealed: 2018 ABA finalists
by Reporter • 25 May 2018
The Adviser can today reveal the finalists for the highly anticipated 2018 Australian Broking Awards. READ MORE
Mark Bouris

Yellow Brick Road taken to court over performance bonus
by Tas Bindi • 24 May 2018
Legal proceedings against Yellow Brick Road have commenced over the earn-out conditions contained in a 2014 share... READ MORE
HSBC Australia

HSBC changes view on Sydney, Melbourne housing outlook
by James Mitchell • 24 May 2018
HSBC Australia has published a revised forecast for Australian house prices after seeing a more abrupt slowdown in... READ MORE

Loan Market launches campaign to ‘arm’ brokers with marketing...
by Tas Bindi • 24 May 2018
The franchise brokerage and aggregator has announced the launch of an integrated marketing campaign, providing its... READ MORE
Scrutiny, magnifying glass

ASIC to ‘intensify scrutiny’ of licensing applications
by Reporter • 23 May 2018
The financial regulator has extended its service charter for credit and financial services licenses, according to the... READ MORE
Money, cash, Australian dollars

Major bank offering broker clients $50k
by Reporter • 23 May 2018
One of the big four banks is offering mortgage broker clients a year’s worth of mortgage payments if they buy... READ MORE
heroes, villains, chess piece

Opinion: The dangerous tragicomedy of the royal commission
by James Mitchell • 23 May 2018
The royal commission would make a great television comedy if it wasn’t so sad. At the heart of this week’s hearings... READ MORE
ANZ

ANZ denies wrongdoing at RC
by Reporter • 23 May 2018
The major bank has been scrutinised by the financial services royal commission over its decision to approve a loan,... READ MORE
ASIC

‘Trust and financial services don’t sit together’: ASIC
by James Mitchell • 23 May 2018
The corporate regulator believes that “a lot of hard work” is needed for financial service operators to regain... READ MORE

Borrowers ‘in the dark’ over LMI
by Reporter • 23 May 2018
Two in five prospective borrowers have admitted that they do not understand lenders mortgage insurance, new research... READ MORE

Bank of Queensland appoints new broker head
by Reporter • 22 May 2018
The regional lender has announced that it has brought in a new head of BOQ Broker, following the departure of Adrienne... READ MORE
Justice Kenneth Hayne

RC scrutinises broker-originated guarantor loans
by Charbel Kadib & James Mitchell • 22 May 2018
Broker-originated guarantor loans have been placed under the spotlight during the third round of public hearings... READ MORE
handshake, joins marketplace lender

Former CBA exec joins marketplace lender
by Reporter • 22 May 2018
A marketplace lender has announced the appointment of a former Commonwealth Bank executive to the role of chief... READ MORE
Millennials, crowd, young adult, brokers

Brokers most favoured by Millennials
by Reporter • 21 May 2018
Younger Australians are dominating the mortgage broker market, with a new Roy Morgan research revealing that almost... READ MORE

CBA apologises for bank account manipulation
by Reporter • 21 May 2018
The big four bank has issued a public apology to customers after it was revealed that staff had been making deposits... READ MORE

Broker commissions ‘the high-water mark’ for disclosure
by James Mitchell • 21 May 2018
An ACL holder believes that upfront and trail commissions need to “make a comeback”, rather than be vilified, as... READ MORE
guarantor home loan piggy bank inside green house

Less than 5% of FHBs use a guarantor to buy a home
by Reporter • 21 May 2018
The vast majority of first home buyers are obtaining their first home loan without a guarantor, but more than a fifth... READ MORE