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defend, boxing gloves

ACCC defends vertical integration approvals
by Reporter • 12 Apr 2018
The competition watchdog has defended its decisions to approve mergers and acquisitions in the mortgage market,... READ MORE
Apartment

Investor regulatory interventions causing apartment downturn: HIA
by Reporter • 11 Apr 2018
Analysis of ABS data has revealed that there has been a reduction in appetite for apartments as a result of investors... READ MORE

Heritage Bank stalwart to retire
by Reporter • 11 Apr 2018
Heritage Bank has revealed that its long-serving head of retail, Paul Francis, has announced his retirement. READ MORE
Poor rating, commissions result

‘No evidence’ that commissions result in poor customer outcomes
by Reporter • 11 Apr 2018
Smartline has told the royal commission that there is “no direct evidence” that commissions lead to poor customer... READ MORE
Launches new digital CRM

Aggregator launches new oversight system for mentors
by Reporter • 11 Apr 2018
Specialist Finance Group has launched a new digital CRM that requires mentors to oversee their mentees’ loan... READ MORE
Appoint, handshake, Aaron Hockey

Aussie appoints new SA/NT state manager
by Reporter • 10 Apr 2018
Aussie Home Loans has announced that it has “increased its commitment to South Australia and the Northern... READ MORE
Falling data, arrow down, rate demand

Fixed rate demand still sliding
by Reporter • 10 Apr 2018
Demand for fixed rate home loans continues to fall, according to the latest data from Mortgage Choice. READ MORE
Warning, caution

MFAA warns of banks using brokers ‘as a shield’
by Reporter • 10 Apr 2018
The Mortgage and Finance Association of Australia has released a strongly worded statement calling out the potential... READ MORE
Rate exceptions, major banks, NAB, CBA, Wetspac

Major banks outline thoughts on flat-fee model
by Reporter • 10 Apr 2018
Several major banks have warned the royal commission of the “potential adverse consequences” of moving from the... READ MORE
Prospa, board members,

Prospa announces new chairman and board members
by Reporter • 9 Apr 2018
The SME lender has announced the appointment of a new chairman and two new board members. READ MORE
Partnership

Annex Group partners with brokerage
by Reporter • 9 Apr 2018
An Australian mortgage business developer has partnered with a brokerage with a network of 1,000 brokers. READ MORE
Scrutiny

Bankers’ lack of expense scrutiny shows trust in brokers: HashChing
by Reporter • 9 Apr 2018
The chief operating officer of online mortgage marketplace HashChing has suggested that the royal commission’s... READ MORE
Caution

‘Nothing to suggest brokers are causing systemic harm’: MFAA
by Reporter • 9 Apr 2018
The head of the Mortgage and Finance Association of Australia has said that while the industry would support changes... READ MORE
face-to-face broking

Domain Loan Finder considers face-to-face broking option
by Reporter • 6 Apr 2018
The head of Domain Loan Finder, the JV mortgage operation between Domain and Lendi, has revealed that the platform is... READ MORE

Association head calls for ‘industry unity’
by Reporter • 6 Apr 2018
The broking industry should work together to minimise the impact of negative publicity and reinforce the benefits of... READ MORE
Prohibit, exclamation signage

ASIC could prohibit remuneration structures under proposed law
by Reporter • 6 Apr 2018
A new bill could enable ASIC to prohibit remuneration structures that result in “significant consumer detriment”,... READ MORE

Major banks say brokers act for customers, not banks
by Reporter • 6 Apr 2018
Several major banks have answered a call to clarify where broker allegiances lie, telling the royal commission that... READ MORE
Financial planners, credit advice

Financial planners want to offer credit advice
by Reporter • 6 Apr 2018
The Financial Planning Association has backed calls for financial planners to provide credit advice, but it said that... READ MORE

Homeloans CFO steps down
by Reporter • 5 Apr 2018
Non-bank lender Homeloans Ltd has announced that its chief financial officer, Ian Parkes, has resigned. READ MORE
propertion of broker flows, arrow down, percentage went down

CBA sought to halve broker flows in 2016
by Reporter • 5 Apr 2018
Confidential internal documents from the Commonwealth Bank show that the bank sought to reduce the proportion of broker... READ MORE
Money, broker commissions

Banking association backs broker commissions
by Reporter • 5 Apr 2018
Fees for service would not benefit brokers, the Australian Banking Association has told the Productivity Commission,... READ MORE

Former Connective BSM to head up Auswide broker channel
by Reporter • 4 Apr 2018
Auswide Bank has announced that it has appointed a new head of third party. READ MORE
Million dollars

La Trobe Financial announces ‘record’ pricing for sixth RMBS
by Staff Reporter • 4 Apr 2018
The non-bank lender has priced its sixth residential mortgage-backed securities (RMBS) issue at a “record” $750... READ MORE

RBA supports best interests duty for brokers
by Reporter • 4 Apr 2018
The Reserve Bank of Australia has revealed that it believes all brokers should be required to act in a consumer’s... READ MORE

Major bank market share slips as non-major share rises
by Reporter • 4 Apr 2018
The number of mortgages being sent to the major banks by brokers has fallen, according to the latest figures from the... READ MORE