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Bank refocuses on brokers following ‘teething problems’
by Reporter • 13 Feb 2018
A non-major bank has stated its intent to generate “more growth” from the third-party channel, despite experiencing... READ MORE
Loan Market records 35% growth

Loan Market records 35% growth
by Reporter • 13 Feb 2018
December 2017 and January 2018 marked Loan Market’s months with biggest ever settlement since the group’s... READ MORE

Investors should be renegotiating rates, says Aussie broker

by Tas Bindi • 12 Feb 2018
Now is the time for property investors to renegotiate their rates and improve their cash flow, according to Aussie... READ MORE
Magnifying glass, reporting

1 in 10 submissions to royal commission relate to brokers
by Reporter • 12 Feb 2018
The initial hearing of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services... READ MORE

Banks to waive NDAs in royal commission
by Annie Kane and Killian Plastow • 9 Feb 2018
Australia’s four major banks have announced that they won’t enforce confidentiality obligations or non-disclosure... READ MORE
Brokers urged to take cautious approach to tech

Brokers urged to take a cautious approach to tech
by Reporter • 9 Feb 2018
The managing director of a leading brokerage has advised the industry to take caution before investing in technology,... READ MORE
Adelaide Bank clarifies serviceability calculator changes

Adelaide Bank clarifies serviceability calculator changes
by Staff reporter • 9 Feb 2018
The regional bank has clarified that its changes to serviceability calculations will only apply to new loan... READ MORE

CCR a ‘game-changer’ for mortgages
by Reporter • 9 Feb 2018
The draft legislation for mandatory comprehensive credit reporting has been released, with the Treasurer saying... READ MORE
AMP

AMP adds billions to book despite ‘intense’ mortgage market
by Reporter • 8 Feb 2018
The non-major lender has attributed strong growth in owner-occupied lending to the $2.3 billion worth of mortgages it... READ MORE
Competition

Make ASIC a ‘champion for competition’: PC
by Tim Stewart • 8 Feb 2018
The Productivity Commission's damning report about the lack of competition within Australia’s financial system is... READ MORE
Slam, boxing, fight

Association heads slam Productivity Commission findings
by Reporter • 8 Feb 2018
The MFAA and FBAA have both blasted the Productivity Commission’s draft report into competition in the financial... READ MORE
CBA

CBA broker flows continue to fall
by James Mitchell • 7 Feb 2018
The major bank’s half-year results show that the group is driving more new mortgage originations through its... READ MORE

Productivity Commission looks at swathe of broker changes
by Reporter • 7 Feb 2018
Broker remuneration, legal standards for brokers and aggregators, disclosure requirements and transparency are just... READ MORE

Calls to revise ‘not unsuitable’ standard
by Reporter • 7 Feb 2018
The two heads of the broker associations have backed the Consumer Action Law Centre’s call for mortgage brokers “to... READ MORE
Tech won’t make brokers obsolete

Tech won’t make brokers obsolete, says futurist
by Reporter • 7 Feb 2018
The finance industry’s adoption of technology will not diminish the value of services provided by brokers, according... READ MORE
Brokerage boss joins fund raising campaign

Brokerage boss joins fund-raising campaign
by Reporter • 6 Feb 2018
The chairman of a major brokerage has joined a campaign alongside business and government leaders to raise funds to... READ MORE

RBA announces cash rate decision - Feb 2018
by Reporter • 6 Feb 2018
The Reserve Bank of Australia has today announced the official cash rate for February following its monthly board... READ MORE
Westpac

Brokerage reveals big plans following Westpac deal
by James Mitchell • 6 Feb 2018
A mortgage brokerage has this week received $25 million in funding from Westpac and aims to serve 10 per cent of... READ MORE
Warning, caution

Bank warns rate hike could trigger spike in defaults
by Reporter • 5 Feb 2018
One non-major bank believes that mortgage stress is set to worsen, with an increasing number of Australians at risk of... READ MORE
Natalie Sheehan

Mortgage lender appoints new COO
by Reporter • 5 Feb 2018
Better Choice Home Loans has announced that it has made its head of relationship management, Natalie Sheehan, its new... READ MORE

Broker banned for overstating borrower savings
by Reporter • 5 Feb 2018
A mortgage broker has been banned from engaging in credit activities for three years after submitting false or... READ MORE
Lenders to look at brokers ‘understating’ expenses

Lenders to look at brokers ‘understating’ expenses
by Reporter • 5 Feb 2018
The head of a non-bank lender has warned brokers that lenders will increasingly look at “brokers understating their... READ MORE
small business, puzzle pieces

Industry consolidation to improve quality of deals
by James Mitchell • 5 Feb 2018
The broking head of one of Australia’s largest non-bank lenders believes that the consolidation of smaller players... READ MORE
Association hits out at bank discounting ‘fund’

Association hits out at bank discounting ‘fund’
by Reporter • 2 Feb 2018
The fund reportedly set up by the big four banks to discount loans has been slammed by the FBAA as a move to generate... READ MORE
Patrick Tuttle

Former Pepper CEO joins HashChing
by Reporter • 2 Feb 2018
Patrick Tuttle, the former CEO of Pepper Group, has joined the board of directors of HashChing. READ MORE