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One in three mortgages being rejected

One in three mortgages being rejected, says BDM
by Reporter • 29 Jan 2018
One Sydney-based BDM and former mortgage broker says that one in three clients are unable to obtain a loan as a result... READ MORE
MFAA highlights ‘opportunity’ of ASIC’s shadow shop

MFAA highlights ‘opportunity’ from ASIC’s shadow shopping
by Reporter • 29 Jan 2018
The head of the Mortgage & Finance Association of Australia has called on brokers to consider ASIC’s upcoming... READ MORE
Letter T

The three ‘Ts’ that brokers need to know
by Reporter • 29 Jan 2018
Ahead of his session at the Better Business Summit, Nigel Dalton, chief inventor of the REA Group, has revealed the... READ MORE
Ex-banker becomes broker to provide 'better solutions'

Ex-banker becomes broker to provide ‘better solutions’
by Reporter • 29 Jan 2018
An ex-banker has revealed that his decision to become a broker was driven by the “lack of solutions” offered to... READ MORE
Warning

Royal commission warned of ‘unscrupulous brokers’
by Reporter • 25 Jan 2018
A submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has... READ MORE
magnifying lens searching asic probe financial advice providers

ASIC probe confirms in-house product bias
by Aleks Vickovich • 24 Jan 2018
The regulator’s review of Australia’s five largest financial advice providers has found alarming levels of in-house... READ MORE
Glenn Gibson

AMP Bank announces executive’s departure
by Reporter • 24 Jan 2018
The bank has announced that, as of 2 February 2018, its head of marketing and sales, Glenn Gibson, is no longer with... READ MORE
Question mark

Opinion: Why do the majors get so much broker business?
by James Mitchell • 24 Jan 2018
One would think that with more than half of mortgages being written by brokers, the dominance of the big four would be... READ MORE

‘We will never sell to a bank’, says aggregation boss
by James Mitchell • 24 Jan 2018
The head of a boutique aggregator has explained the group’s position on vertical integration following the... READ MORE
House loan

Rising average loan size not a problem, says economist
by Reporter • 24 Jan 2018
According to one economist, the reported rise of the average loan size in Australia is not a cause for concern, despite... READ MORE
searching for new broker head

Non-major searching for new broker head
by Staff Reporter • 23 Jan 2018
Auswide Bank has confirmed that it is actively seeking to replace its head of third party following the recent... READ MORE
Rate, drop

Bank drops fixed rates by up to 75bps
by Reporter • 23 Jan 2018
MyState Bank has announced that it has dropped rates for new fixed rate owner-occupied home loans as well as fixed and... READ MORE
Brokers

ASIC’s shadow shopping exercise to evaluate ‘broker advice’
by Reporter • 23 Jan 2018
A shadow shopping exercise being undertaken by ASIC will consider whether “broker advice” results in “positive... READ MORE
Royal Commission hearings to start next month

Royal commission hearings to start next month
by Reporter • 22 Jan 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry — including... READ MORE
Auswide Bank, P2P lender

Bank sells stake in P2P lender
by Reporter • 22 Jan 2018
Auswide Bank has announced that it has completed the divestment of its stake in personal loans P2P lender MoneyPlace,... READ MORE
Lenders make credit policy changes

Lenders make credit policy changes
by Reporter • 22 Jan 2018
Two lenders have announced changes to their credit policies to ensure compliance with responsible lending measures,... READ MORE
Calls for CBA to lift accreditation restrictions for mentees

Calls for CBA to lift accreditation restrictions for mentees
by Reporter • 22 Jan 2018
A leading broker has urged Commonwealth Bank to reconsider its recently imposed accreditation changes, arguing that... READ MORE
APRA mortgage curbs under scrutiny

APRA mortgage curbs under scrutiny
by James Mitchell • 22 Jan 2018
A leading mortgage professional has criticised the prudential regulator for not providing a clear time frame for its... READ MORE
Financial data, lease finance

Owner-occupier finance rises as lease finance drops
by Reporter • 19 Jan 2018
In November 2017, secured housing finance for owner-occupiers and personal finance both rose, while lease finance... READ MORE

ANZ agrees to pay $5m fine for responsible lending breaches
by Reporter • 19 Jan 2018
A major lender has agreed to pay $5 million in penalties after its former finance subsidiary Esanda approved suspected... READ MORE
CBA

Top broker ‘applauds’ CBA accreditation changes
by James Mitchell • 19 Jan 2018
One of the industry’s most successful mortgage professionals has praised CBA’s decision to impose a tougher... READ MORE

ASIC accepts EU from Queensland brokerage
by Staff Reporter • 18 Jan 2018
The regulator has accepted an enforceable undertaking (EU) from Duane Wright and his business, First National Home... READ MORE
Mortgage demand continues to climb

Mortgage demand continues to climb
by Reporter • 18 Jan 2018
The latest figures from the Australian Bureau of Statistics show that demand for both owner-occupied and investor home... READ MORE
hsbc logo sign building partners with mortgage choice home loan brokerage mortgage broking network

HSBC partners with major brokerage
by Reporter • 18 Jan 2018
HSBC Australia has expanded its mortgage broking network by joining the lending panel of a leading home loan... READ MORE
Frank Ganis

Frank Ganis resigns as YBR director
by Reporter • 18 Jan 2018
The former Macquarie Group executive director has resigned from his role on the board of Yellow Brick Road in order to... READ MORE