Breaking News

Money, cash, Australian dollars

Major bank offering broker clients $50k
by Reporter • 23 May 2018
One of the big four banks is offering mortgage broker clients a year’s worth of mortgage payments if they buy... READ MORE
heroes, villains, chess piece

Opinion: The dangerous tragicomedy of the royal commission
by James Mitchell • 23 May 2018
The royal commission would make a great television comedy if it wasn’t so sad. At the heart of this week’s hearings... READ MORE
ANZ

ANZ denies wrongdoing at RC
by Reporter • 23 May 2018
The major bank has been scrutinised by the financial services royal commission over its decision to approve a loan,... READ MORE
ASIC

‘Trust and financial services don’t sit together’: ASIC
by James Mitchell • 23 May 2018
The corporate regulator believes that “a lot of hard work” is needed for financial service operators to regain... READ MORE

Borrowers ‘in the dark’ over LMI
by Reporter • 23 May 2018
Two in five prospective borrowers have admitted that they do not understand lenders mortgage insurance, new research... READ MORE

Bank of Queensland appoints new broker head
by Reporter • 22 May 2018
The regional lender has announced that it has brought in a new head of BOQ Broker, following the departure of Adrienne... READ MORE
Justice Kenneth Hayne

RC scrutinises broker-originated guarantor loans
by Charbel Kadib & James Mitchell • 22 May 2018
Broker-originated guarantor loans have been placed under the spotlight during the third round of public hearings... READ MORE
handshake, joins marketplace lender

Former CBA exec joins marketplace lender
by Reporter • 22 May 2018
A marketplace lender has announced the appointment of a former Commonwealth Bank executive to the role of chief... READ MORE
Millennials, crowd, young adult, brokers

Brokers most favoured by Millennials
by Reporter • 21 May 2018
Younger Australians are dominating the mortgage broker market, with a new Roy Morgan research revealing that almost... READ MORE

CBA apologises for bank account manipulation
by Reporter • 21 May 2018
The big four bank has issued a public apology to customers after it was revealed that staff had been making deposits... READ MORE

Broker commissions ‘the high-water mark’ for disclosure
by James Mitchell • 21 May 2018
An ACL holder believes that upfront and trail commissions need to “make a comeback”, rather than be vilified, as... READ MORE
guarantor home loan piggy bank inside green house

Less than 5% of FHBs use a guarantor to buy a home
by Reporter • 21 May 2018
The vast majority of first home buyers are obtaining their first home loan without a guarantor, but more than a fifth... READ MORE

Legislative framework ‘has not been observed by firms’
by Reporter • 21 May 2018
The new chairman of ASIC has said that the financial services firms have not adequately been the “first line” of... READ MORE
No money, suspension of loan repayments

Major bank suspends loan repayments for flood victims
by Reporter • 18 May 2018
NAB has announced that it is suspending home and personal loan repayments and waiving the fees for customers affected... READ MORE
NAB

‘Uncomfortable times’ ahead in royal commission: NAB
by Reporter • 18 May 2018
The head of the broker channel at NAB has said that while “there will be uncomfortable times” in the next round of... READ MORE
Mortgage, living expenses

‘Overkill’: Top broker questions living expenses crackdown
by James Mitchell • 18 May 2018
One of Australia’s most successful brokers fears that mortgage professionals would leave the industry if banks... READ MORE

Former Uber lobbyist appointed CEO of FinTech Australia
by Tas Bindi • 18 May 2018
The non-for-profit association representing Australian fintechs has appointed Uber’s former government lobbyist, Brad... READ MORE
Bank of Queensland (BOQ) chairman Roger Davis

Brokers driving regional bank’s home loan settlements
by Reporter • 18 May 2018
The chairman of Bank of Queensland has told shareholders that the broker channel and Virgin Money have contributed to... READ MORE

‘Conflicted’ remuneration should go: ASIC chair
by Reporter • 17 May 2018
The new chairman of ASIC has said that he has been “surprised” that there has been “reluctance, and often... READ MORE
Financial education

FHBs turning to brokers for financial education
by Reporter • 17 May 2018
First home buyers have highlighted the role that mortgage brokers played in assisting their entry into the property... READ MORE

Better Choice Home Loans continues expansion
by Reporter • 17 May 2018
The mortgage lender has continued its national expansion with its third appointment in just as many weeks. READ MORE
Mortgage, house, property

Non-banks winning prime mortgages as majors tighten
by James Mitchell • 16 May 2018
A credit crackdown among the big four banks has been a blessing for the non-ADI sector, with lenders seeing a... READ MORE
House finance, home buyers

Credit crunch a ‘complex picture’ for brokers
by James Mitchell • 16 May 2018
Slower credit growth and reduced borrowing capacity are expected to wipe 10 per cent off volumes this year, but brokers... READ MORE
Mortgages

HashChing eyes white label mortgages
by Reporter • 16 May 2018
The mortgage marketplace has launched a crowdfunding campaign in a bid to help facilitate its growth plans, which... READ MORE

Mentor reveals top tips for new brokers
by Reporter • 16 May 2018
A leading mortgage broker has told The Adviser what he believes are the key attributes that new brokers need to... READ MORE