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Westpac

Westpac to halt consumer mortgages for business purposes
by Tas Bindi • 14 Jun 2018
The major bank will stop accepting consumer home loans for predominantly business purposes from next week. READ MORE
Mortgage broker

Brokers forced to make hard decisions on expenses, serviceability
by James Mitchell • 13 Jun 2018
Mortgage brokers in their first two years in business have been presented with realistic and difficult questions on... READ MORE
FBAA, national conference, technology, evolution

FBAA evolves national conference
by Reporter • 13 Jun 2018
The theme for the Finance Brokers Association of Australia’s annual conference will be “evolution”, as the... READ MORE
Success, businessman, rising star

Rising star shares his tips for success
by Reporter • 13 Jun 2018
New broker and rising star Bernard Desmond has revealed some of his top tips for new brokers at the ongoing New Broker... READ MORE
Westpac

Westpac cuts referral ties with Prospa
by Tas Bindi • 13 Jun 2018
The major bank’s referral relationship with small business lender Prospa has come to an end, as the bank looks to... READ MORE
Appointment, handshake, Heritage Bank

Heritage Bank appoints first chief risk officer
by Reporter • 12 Jun 2018
The non-major bank has announced the appointment of RESIMAC’s former head of enterprise risk to the newly created... READ MORE

Association launches defence of the broker channel
by Reporter • 12 Jun 2018
The MFAA has launched a defence of the broking industry, refuting allegations of poor consumer outcomes and bringing... READ MORE
Brokers, meeting, discussing, franchise model

Brokers consider viability of franchise model
by James Mitchell • 12 Jun 2018
Recent media reports on a major mortgage group have led brokers to debate the role of franchising in the third-party... READ MORE

RC tipped to impact broker-adviser relations
by Killian Plastow • 12 Jun 2018
Ties between mortgage brokers and financial planners will be more important than ever in the aftermath of the royal... READ MORE

Borrowers urged to switch mortgage providers
by Reporter • 11 Jun 2018
The average home loan customer could save up to $82,000 by switching from a major bank, according to new research from... READ MORE
Woman, man, handshake

Sub-aggregator appoints new BDM
by Reporter • 11 Jun 2018
Mortgage and finance sub-aggregator Buyers Choice has announced the appointment of a new national business development... READ MORE

Whitepaper on broker value released
by Reporter • 11 Jun 2018
EXCLUSIVE: A leading mortgage broker has released his whitepaper on the value of brokers for use by the industry,... READ MORE
Brokers of the future

‘Brokers of the future’ will offer advice, says broker
by Reporter • 11 Jun 2018
The broker of the future may need to consider having a dual diploma that will enable them to offer financial advice,... READ MORE

Pepper Money expands AFL partnership
by Reporter • 11 Jun 2018
The non-bank lender has announced that it has broadened its partnership with an AFL club to include a women’s team... READ MORE
Growth

Rebound in credit growth unlikely: CoreLogic
by Reporter • 8 Jun 2018
Regulatory measures and a subdued housing market are continuing to dampen credit growth, with no sign of a recovery on... READ MORE

RC hearings too short to cover ‘breadth’ of cases: Ombudsman
by Tas Bindi • 8 Jun 2018
The Small Business Ombudsman has called for another set of royal commission hearings to investigate more cases of... READ MORE

FBAA marks 25-year anniversary
by Reporter • 8 Jun 2018
The Finance Brokers Association of Australia will this month mark its 25th year of being, after first forming in... READ MORE
Banned

ASIC permanently bans former Connective broker
by Reporter • 7 Jun 2018
The corporate regulator has permanently banned a former Connective broker and NAB financial adviser for engaging in... READ MORE

Frustration mounts as lenders’ expense policies lack clarity
by Reporter • 7 Jun 2018
A leading broker has voiced frustration over the lack of clarity from lenders over the documentation and evidence they... READ MORE
Worst, thumbs down

Mortgage Choice refutes allegations
by Reporter • 7 Jun 2018
The ASX-listed broking group has responded to media criticism regarding a high-sales culture and poor remuneration... READ MORE
Mortgage

Over 30% of family income going towards mortgage
by Reporter • 6 Jun 2018
The latest Adelaide Bank/Real Estate Institute of Australia Housing Affordability Report shows an improvement in... READ MORE

Major banks expected to ‘clamp down’ on commissions
by Reporter • 6 Jun 2018
Over two-thirds of brokers are expecting the major banks to make changes to their remuneration models, a new survey has... READ MORE

Opinion: Mortgage Choice belongs in franchise sin bin
by James Mitchell • 5 Jun 2018
Mortgage Choice has become the latest in a long line of Australian franchise businesses to come under fire. While... READ MORE
Westpac building

Westpac announces third-party reshuffle
by Reporter • 5 Jun 2018
The major bank has announced changes to its third-party distribution team. READ MORE
appoint, hire, clap hands, applause,

Brokerage brings in two new state managers
by Reporter • 5 Jun 2018
Resolve Finance has appointed a new state manager for Western Australia and another for Victoria to help grow its... READ MORE