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Industry veteran assumes new role

Industry veteran assumes new role
by Reporter • 5 Dec 2017
Ray Hair, the former general manager for branded partnerships at Homeloans Ltd, has joined The Local Financial Group as... READ MORE
Verifying expenses ‘could be automated and digitised’

Verifying expenses ‘could be automated and digitised’
by Reporter • 5 Dec 2017
The head of a white label provider has revealed that several banks are looking into making the verification of income... READ MORE
Brokers divided over Royal Commission

Brokers divided over royal commission
by Reporter • 4 Dec 2017
Australian mortgage brokers are indecisive about having a royal commission into the banking sector, with less than... READ MORE
Loan refinancing goes digital in WA

Loan refinancing goes digital in WA
by Reporter • 4 Dec 2017
The banking industry in Western Australia has made changes to its refinancing methods following its move to a faster,... READ MORE
Westpac

Major bank reduces fixed rates
by Staff reporter • 4 Dec 2017
The Westpac Group has dropped interest rates for new fixed rate home loans and basic products for both owner-occupiers... READ MORE

Royal commission will look at remuneration
by Reporter • 4 Dec 2017
The government’s new royal commission will consider whether remuneration practices are responsible for any misconduct... READ MORE
Fluctuating property market

Fluctuating property market is the norm: FBAA
by Staff reporter • 4 Dec 2017
Fluctuations in the housing market are not unusual, according to the Finance Brokers Association of Australia. READ MORE
Investors switched $1.2bn of loans to owner-occupier

Investors switched $1.2bn of loans to owner-occupier
by Reporter • 1 Dec 2017
The total value of loans changed from investor to owner-occupier amounted to $1.2 billion in October 2017, according to... READ MORE
Industry heads call for fees for service

Industry heads want brokers to charge fees
by Reporter • 1 Dec 2017
Two leaders in the third-party industry, including an aggregation head, have called for the introduction of a... READ MORE
Submissions open for Top 25 Brokerages 2018

Submissions open for Top 25 Brokerages 2018
by James Mitchell • 1 Dec 2017
The Adviser is now accepting submissions for its annual Top 25 Brokerages ranking. Have you submitted your entry? READ MORE
Competitive

Competition heats up for investor, IO loans
by Staff reporter • 1 Dec 2017
A Sydney-based financial services group has said that investor and interest-only offerings are becoming increasingly... READ MORE

eChoice administrators clarify position on trail book
by James Mitchell • 30 Nov 2017
Rogers Reidy, the administrators handling mortgage aggregator eChoice, have addressed fears surrounding broker... READ MORE
Merger, deal, puzzle piece

Merger deal could see aggregator list on the ASX
by Reporter • 30 Nov 2017
The merger between an Australian bank and a major aggregator could see the latter list on the Australian Stock... READ MORE
Impact of technology

Impact of technology on jobs ‘grossly overestimated’
by Jessica Yun • 29 Nov 2017
There is no need to fear the prospect of mass unemployment caused by artificial intelligence and machine... READ MORE
Mortgage deals

Borrowers bargaining for better mortgage deals
by Reporter • 28 Nov 2017
A new survey has found that a third of Australians have successfully negotiated a better deal on their mortgage. READ MORE
Lose their trail

Analysis: A closer look at the eChoice model

by James Mitchell • 28 Nov 2017
The troubled aggregator has said that its third-party business and broker trail payments will not be affected by the... READ MORE
CBA

CBA announces major lending changes
by James Mitchell • 28 Nov 2017
The big four bank has revealed a raft of changes, including LVR caps and restrictions to rental income serviceability,... READ MORE
Changes to their commission structure

Banks make changes to commission structure
by Reporter • 28 Nov 2017
A major lender and a challenger bank have announced changes to their commission structure, which will come into... READ MORE
Aussie lifestyle

ATO asking Aussies to explain their lifestyle
by Lucy Dean • 27 Nov 2017
The Australian Taxation Office has said that it will crack down on “carelessness”, with undeclared income,... READ MORE
heritage bank cut interest rates loan

Bank slashes interest rates
by Reporter • 27 Nov 2017
A bank has announced its decision to cut rates by up to 0.50 per cent on a number of its loan offerings. READ MORE
Aggregator confirms voluntary administration

Aggregator confirms voluntary administration
by James Mitchell • 27 Nov 2017
A mortgage aggregation business has confirmed that broker commissions, including trail payments made by lenders, will... READ MORE
Living expenses draw sharper focus

Living expenses draw sharper focus
by Reporter • 27 Nov 2017
The finance industry has turned its attention to living expenses and credit reporting following APRA’s calls for... READ MORE
Boxing gloves

Tic:Toc to undercut broker distribution in white label play
by James Mitchell • 27 Nov 2017
Mortgage brokers are facing a double threat from online lender Tic:Toc, which is seeing a surge in demand from... READ MORE
review of remuneration, meeting, discussion

FBAA updates brokers on response to Treasury
by Reporter • 27 Nov 2017
The head of the FBAA has revealed that the Combined Industry Forum’s response to ASIC’s review into remuneration... READ MORE
Brokers appointed to MFAA board

Brokers appointed to MFAA board
by Reporter • 24 Nov 2017
The Mortgage and Finance Association of Australia has appointed two directors to its board following a seven-week... READ MORE