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MLC Life says insurance advice is becoming ‘unviable’
by Aleks Vickovich and Killian Plastow • 21 Dec 2017
MLC Life has urged regulators to make compliance more efficient, warning that the time and costs associated with it are... READ MORE
Broker calls for retrospective review of SMSF lending

Broker calls for retrospective review of SMSF lending
by Miranda Brownlee • 21 Dec 2017
A mortgage broker has called on the government to review past SMSF lending practices as part of the Royal Commission... READ MORE
oecd working group real estate money laundering risk

Aussie real estate a haven for dodgy money
by James Mitchell • 21 Dec 2017
The OECD said that sources in the banking and accounting sectors are warning that Australian real estate is at... READ MORE

Brokers need to ‘stand out from the crowd’, says business coach
by Reporter • 21 Dec 2017
The increasing number of people breaking into the broking profession is making the case for diversification... READ MORE
Interest rate

More than a third of borrowers ignorant of interest rate
by Reporter • 20 Dec 2017
New survey data has revealed that nearly 40 per cent of Australian borrowers are unaware of their mortgage interest... READ MORE
Suncorp

Suncorp reshuffles business development team
by Reporter • 20 Dec 2017
Suncorp Bank has announced a change to its business development team, appointing Paul Vogl to the role of regional... READ MORE
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‘It’s wrong to put a blanket policy on new brokers’, says...
by Reporter • 20 Dec 2017
The general manager of lending at Vow Financial, Clive Kirkpatrick, has said that he disagrees with CBA’s new... READ MORE
Tasmania

Home loan fintech enters Tassie market
by Reporter • 19 Dec 2017
An Australian fintech has announced that it will be expanding its business to Tasmania, amid increased buoyancy in the... READ MORE

Major bank refunds $1.7m over offset error on broker loans
by Reporter • 19 Dec 2017
National Australia Bank Limited has refunded $1.7 million to 966 home loan customers after it failed to properly set up... READ MORE

AFG highlights ‘significant scrutiny’ of broking industry

by James Mitchell • 19 Dec 2017
The ASX-listed aggregator has called on the banking Royal Commission to recognise the significant inquiries that have... READ MORE
Association heads question CBA’s new two-year rule

Association heads question CBA’s new two-year rule
by Reporter • 19 Dec 2017
The heads of the MFAA and FBAA have spoken out against CBA’s recently announced two-year requirement for new broker... READ MORE
Money, cash

Non-bank closes $300m CMBS transaction
by Reporter • 18 Dec 2017
A finance provider has announced the closing of its third commercial mortgage-backed securitisation transaction,... READ MORE
Award-winning brokerage eyes tech solutions

Award-winning brokerage eyes tech solutions
by James Mitchell • 18 Dec 2017
Even after a whirlwind year of regulatory challenges, one Melbourne-based brokerage believes that compliance isn’t... READ MORE
Brokers to be included in royal commission

Brokers to be included in royal commission
by Reporter • 18 Dec 2017
The government has confirmed that mortgage brokers will be included in the Royal Commission into Misconduct... READ MORE
CBA

CBA to change commission structure by 30 June 2018
by Reporter • 18 Dec 2017
The Commonwealth Bank of Australia expects to have the CIF-recommended changes to broker commissions instated “ahead... READ MORE

HashChing hires former Westpac exec as co-founder steps down
by Reporter • 15 Dec 2017
Online mortgage marketplace HashChing has appointed a former Westpac solutions architect to its leadership team,... READ MORE
New AI solution aims to help empower brokers

New AI solution aims to help empower brokers
by Reporter • 15 Dec 2017
A new artificial intelligence–led solution that caters to brokers has been launched to unify fact find, referrals,... READ MORE

Major bank subsidiary snaps up aggregation businesses

by James Mitchell • 15 Dec 2017
A mortgage business wholly owned by a big four bank has acquired a number of businesses from embattled aggregator... READ MORE
Non-bank backs broker reforms

Non-bank backs broker reforms
by Staff Reporter • 15 Dec 2017
Liberty Financial CEO James Boyle says that the non-bank will continue to help mortgage brokers grow their businesses... READ MORE
George Samios

How George Samios wrote 527 mortgages last year
by Reporter • 15 Dec 2017
Earlier this week, we revealed our 30 Under Thirty ranking, which lists the top young mortgage brokers in Australia. We... READ MORE
Debts

Aggregation boss warns of ‘additional debts’
by James Mitchell • 14 Dec 2017
The head of a major aggregator says that brokers should be educating their customers about good and bad debts,... READ MORE
Banned

Melbourne couple permanently banned from credit activities
by James Mitchell • 14 Dec 2017
The regulator has permanently banned a Melbourne couple from the credit industry for contravening an ASIC banning... READ MORE

CBA to introduce major accreditation changes next year
by Reporter • 14 Dec 2017
Commonwealth Bank has announced that, from next year, it will no longer accept accreditations from new mortgage brokers... READ MORE

CBA admits to breaches of counter-terrorism and anti-money laundering...
by Reporter • 13 Dec 2017
Commonwealth Bank (CBA) has admitted that it breached anti-money laundering and counter-terrorism laws in... READ MORE
Application

Major bank changes consumer credit policies
by Reporter • 13 Dec 2017
Westpac and its subsidiary banks have made changes to their consumer credit policies for consumer mortgages (including... READ MORE