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competition in mortgage market

RBA highlights competition in mortgage market
by Reporter • 14 Mar 2018
Strong growth in the issuance of residential mortgages has been driven by non-major and non-bank lenders, according to... READ MORE
allegations of bribery at NAB

Royal commission reveals allegations of bribery at NAB
by Reporter • 14 Mar 2018
Several NAB employees were allegedly “bribed” by third-party introducers, the Royal Commission into Misconduct in... READ MORE
CBA

CBA outlines Aussie ‘misconduct’
by Reporter • 14 Mar 2018
Commonwealth Bank has outlined instances of alleged “misconduct” identified by its wholly owned subsidiary, Aussie... READ MORE
digital globe digital data artificial intelligence ai expenses verification engine launched for brokers and lenders

‘Australia-first’ AI-driven living expenses engine launches

by Reporter • 14 Mar 2018
A new artificial intelligence-based expenses verification engine has been launched for brokers and lenders to ensure... READ MORE
bans mortgage broker

ASIC permanently bans mortgage broker - 2018
by Reporter • 13 Mar 2018
The financial services regulator has permanently banned a Victorian-based mortgage broker and removed his Australian... READ MORE
Consumer confusion

Consumer confusion greater than ever before
by Reporter • 13 Mar 2018
Brokers are well placed to support clients confused by the wave of changes introduced by banks and regulators,... READ MORE
‘stand up’ to scrutiny , negative comments

Broker urges MFAA, FBAA to ‘stand up’ to scrutiny
by James Mitchell • 12 Mar 2018
A top mortgage broker has expressed his frustration with the level of scrutiny and negative news plaguing the... READ MORE
First home buyers, mortgage

First home buyers undeterred by rising mortgage pressures
by Reporter • 12 Mar 2018
First home buyers have been active in the property market, despite a rise in mortgage repayments in proportion to... READ MORE
brokers join rival aggregator

Former eChoice managers, brokers join rival aggregator
by James Mitchell • 12 Mar 2018
The managing director of an award-winning boutique aggregator has confirmed that “a couple of familiar faces” will... READ MORE
Bank rules out cryptocurrency lending

Bank rules out cryptocurrency lending
by Reporter • 12 Mar 2018
Teachers Mutual Bank has announced that, effective today, a number of changes will be made to its lending policy... READ MORE
cut fixed rates

Major banks cut fixed rates
by Reporter • 9 Mar 2018
Two major banks have announced rate cuts of up to 50 basis points to their fixed rate home loan offerings. READ MORE
women’s network

Aggregator launches new women’s network
by Reporter • 9 Mar 2018
Finsure has launched a new initiative that aims to support, celebrate and connect women in its broker network. READ MORE

NSW’s best brokers revealed!
by Reporter • 9 Mar 2018
The best brokers in New South Wales have been named and honoured at The Adviser’s Better Business Awards in... READ MORE
Scales of Justice

Broking group to appear before royal commission
by Reporter • 9 Mar 2018
Smartline will be the first broking group to appear at the first round of public hearings for the Royal Commission into... READ MORE
Brokers expecting to write more non-conforming loans

Brokers expect to write more non-conforming loans
by Reporter • 8 Mar 2018
Mortgage brokers believe that tighter prime lending policies and changing customer needs will drive up demand for... READ MORE

Opinion: Do you hear what I hear?
by Reporter • 8 Mar 2018
Following four days of public hearings for the Productivity Commission’s inquiry into competition in the finance... READ MORE
Gender gap

FBAA recognises gender gap in broking
by Reporter • 8 Mar 2018
The Finance Brokers Association of Australia has marked International Women’s Day by committing to “develop... READ MORE
Young Leaders in Finance Awards

Inaugural Young Leaders in Finance Awards announced
by Reporter • 8 Mar 2018
As part of our continued dedication to championing financial services professionals, Momentum Media, publisher of The... READ MORE
anz bank merit best interest duty brokers

ANZ sees ‘merit’ in best interest duty
by Reporter • 7 Mar 2018
Applying best interest obligations to brokers could help preserve the integrity of the third-party channel, according... READ MORE
businessman brokers macbook laptop lightbulb head asic productivity commission industry of referrers market doing less work

ASIC highlights burgeoning referrer market
by Reporter • 7 Mar 2018
The financial services regulator has told the Productivity Commission that there is now “an industry of referrers”... READ MORE
Michael Russell

Russell defends trail, slams calls for ‘fees for service’
by Reporter • 6 Mar 2018
MoneyQuest managing director Michael Russell has thrown his support behind broker commissions and labelled proposals... READ MORE
Appoints new head of distribution, handshake

AMP appoints new head of distribution
by Reporter • 6 Mar 2018
The non-major bank has announced that it will bring in a new director to head up the third-party channel in April. READ MORE
Microsoft-based platform updates software

Microsoft-based platform updates software
by Staff Reporter • 6 Mar 2018
FinPal has launched a new version of its financial planning software to incorporate integrations with Moneysoft and... READ MORE

RBA announces rate decision for March 2018
by Reporter • 6 Mar 2018
The Reserve Bank of Australia has announced its cash rate decision for March following its monthly board meeting. READ MORE
Magnet, money, cash

‘Clawbacks need to go’: FBAA tells PC
by Reporter • 6 Mar 2018
The clawback of broker commissions is “something to be concerned about”, the head of the Finance Brokers... READ MORE