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More broker commission changes on the way

More broker commission changes on the way
by James Mitchell • 18 Jan 2018
Lenders will continue to make small changes to broker remuneration in 2018, but a Deloitte partner believes that the... READ MORE
Insurers refund millions to customers

Insurers to refund millions to customers
by Reporter • 17 Jan 2018
Two major Australian insurers will refund customers a total of $62.8 million in add-on premiums following an ASIC... READ MORE
Cash, money, dollars

HSBC to hit billion-dollar milestone with Aussie

by Reporter • 17 Jan 2018
After returning to the third-party channel last year, HSBC is on track to see $1 billion in home loans written by... READ MORE
Top iSelect broker joins Loan Market

Top iSelect broker joins Loan Market
by Reporter • 17 Jan 2018
A young Melbourne-based broker has revealed why he decided to join a family-owned brokerage. READ MORE
Security

ING prohibits resi security for commercial loans
by Reporter • 17 Jan 2018
ING has made significant changes to its underwriting guidelines for commercial loans, with the changes to come into... READ MORE
House on fire, burden home loan

More borrowers consider their mortgage a burden than a benefit
by Reporter • 17 Jan 2018
More than half of Australian mortgagors consider their home loan to be a burden, while just 44 per cent believe it is a... READ MORE
Brokerage’s licence cancelled, director excluded from industry

Brokerage’s licence cancelled, director excluded from industry
by Reporter • 16 Jan 2018
A Queensland-based brokerage and financial planning company has agreed to cancel its Australian Financial Services... READ MORE

Aussie appoints new WA state manager
by Reporter • 16 Jan 2018
Aussie Home Loans has appointed Bendigo and Adelaide Bank’s Simone Ellul to the position of state manager for Western... READ MORE
Struggle

Bank struggling to see growth through broker channel
by James Mitchell • 16 Jan 2018
A fresh report into an ASX-listed bank has concluded that its efforts to utilise the broker channel have failed to... READ MORE
Insurance, protection, brokers

New insurance offering for YBR and Vow brokers
by Reporter • 15 Jan 2018
Brokers in the Yellow Brick Road and Vow Financial networks will now be able to offer clients Suncorp’s Vero general... READ MORE
Emma Murray

Brokers to hear from AFL performance coach
by James Mitchell • 15 Jan 2018
She helped Richmond win the AFL premiership. Now Emma Murray is set to work her magic on mortgage brokers across... READ MORE
Chess piece

Foreign sale of ANZ’s finance business falls through
by Reporter • 15 Jan 2018
ANZ’s attempted sale of its asset finance business UDC Finance to a foreign conglomerate will no longer take place,... READ MORE

Credit conditions ‘the tightest they’ve been in 15 years’
by Reporter • 15 Jan 2018
Members of the industry have challenged the assertions of a professor of economics regarding the state of the current... READ MORE
warning signage

Lawyers have word of warning for FHBs
by Emma Ryan • 12 Jan 2018
A handful of legal professionals have voiced their concerns for first home buyers after a new survey revealed that... READ MORE
moodys investor service high level of household debt

Fresh fears over high levels of household debt
by Staff Reporter • 12 Jan 2018
Moody’s Investor Service has warned that elevated levels of household debt may trigger a slowdown in the Australian... READ MORE
asic financial cirlce breach nccp court magnifying glass seeking

Melbourne ACL holder in court over alleged NCCP breaches

by Staff Reporter • 12 Jan 2018
The Federal Court of Australia has made interim orders restraining a Melbourne-based ACL holder from engaging in a... READ MORE

‘High demand’ for mortgage jobs this year
by Reporter • 12 Jan 2018
Mortgage processing, loan assessor and phone-based file assessor roles will all be in demand this year, according to a... READ MORE

Economics professor slams broker remuneration structure
by Reporter • 12 Jan 2018
A professor of economics has pointed the finger at mortgage broker commissions and incentives as being partially... READ MORE
Warning, caution

Real estate head warns against radical housing policy changes
by Staff reporter • 12 Jan 2018
The chairman of real estate company Ray White has said that the newly released Treasury documents on ALP housing policy... READ MORE
‘Micro-management’ of big banks drove me to broking

‘Micro-management’ of big banks drove me to broking, says lending...
by Reporter • 12 Jan 2018
According to a former big four banker, the “micro-management” and “politics” of the major banks drove him out... READ MORE
Credit policy

Heritage updates credit policy
by Staff reporter • 11 Jan 2018
The Toowoomba-based bank has announced that it has updated its credit policy for some parts of the income verification... READ MORE
Financial, money, education

Broker to roll out finance education program for athletes
by Reporter • 11 Jan 2018
A former professional cyclist turned broker is planning to roll out a new program that will provide financial education... READ MORE
Arrested broker

Man arrested after allegedly posing as broker
by Reporter • 11 Jan 2018
A Victorian man that had failed to appear in court for allegedly posing as an insurance representative or broker has... READ MORE
new guidance on mortgage reporting

Regulator releases new guidance on mortgage reporting
by Reporter • 11 Jan 2018
Following industry consultation, APRA has issued updated guidance on how banks should report their residential... READ MORE
Industry veteran questions compliance of ‘robo’ brokers

Industry veteran questions compliance of ‘robo’ brokers
by James Mitchell • 10 Jan 2018
One mortgage industry veteran has questioned online broking models and warned players operating in the space to ensure... READ MORE