Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Shayne Elliott

Mortgage broking needs to reform: ANZ CEO
by Reporter • 2 May 2018
Issues concerning conflicts of interest and poor incentive structures in the broking industry must be resolved through... READ MORE
boards to review culture

Treasurer calls for all boards to review culture
by Reporter • 1 May 2018
APRA’s damning report on CBA’s culture and governance should be “required reading” for all boards in... READ MORE

New cash rate record reached
by Reporter • 1 May 2018
The Reserve Bank of Australia has announced the official cash rate for May, setting a new record. READ MORE
South Australian senator Rex Patrick

Senator slams ASIC amid ‘shameful disclosures’
by Reporter • 1 May 2018
South Australian senator Rex Patrick is calling for ASIC’s new chair, James Shipton, to provide the public with a... READ MORE

Majors report growth in owner-occupied portfolio
by Reporter • 1 May 2018
The big four banks all grew their owner-occupied lending portfolio in March, with two majors increasing their investor... READ MORE
red sign banned middle blue paint permantently banned involvement in home loan fraud

Former mortgage brokers permanently banned for fraud
by Reporter • 30 Apr 2018
Three mortgage brokers have been permanently banned from engaging in credit activities for their involvement in home... READ MORE

Borrowers should ‘brace’ themselves for rate hikes
by Reporter • 30 Apr 2018
Mortgage holders have been urged to prepare for out-of-cycle interest rate hikes from lenders spurred by an increase in... READ MORE
catherine brenner chairman steps down royal commission misconduct

Bank chairman steps down as scandals unfold
by James Mitchell • 30 Apr 2018
The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the... READ MORE
James Green

Green sells stake in Sydney brokerage
by Reporter • 30 Apr 2018
Third-party player James Green has sold his stake in a Sydney-based brokerage and resigned as a director to pursue new... READ MORE

‘Unconscionable conduct’: Credit repair group to pay $1.7m
by Reporter • 27 Apr 2018
A credit repair business has been ordered to pay penalties totalling $1.7 million after it was found to have breached... READ MORE

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