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Non-bank confirms launch of new non-resident mortgage

Non-bank confirms launch of new non-resident mortgage
by James Mitchell • 24 Nov 2017
After listening to feedback from brokers, a national mortgage manager has revealed that it will soon launch a new... READ MORE
Buy, cash, money

Liberty buys stake in major third-party player
by James Mitchell • 24 Nov 2017
Non-bank lender Liberty Financial has made a significant investment in a major mortgage protection insurance provider... READ MORE
Mental illness

Finance workers more prone to mental illness, says expert
by James Mitchell • 23 Nov 2017
A leading figure in mental health issues in the workplace has revealed some alarming numbers about the levels of... READ MORE
Better Business Summit, speaker

Better Business Summit confirms celebrity speaker
by Reporter • 23 Nov 2017
The agenda for the Better Business Summit 2018 has been announced, with brokers set to hear from a host of speakers,... READ MORE
mortgage choice borrowers mortgage brokerage cheque to cheque

Borrowers living ‘pay cheque to pay cheque’, warns brokerage

by Staff reporter • 22 Nov 2017
New research from a major mortgage brokerage has found that more than 40 per cent of Australians don’t have enough... READ MORE
Poor customer service

Customer service still crucial for most Aussies
by Reporter • 22 Nov 2017
A finder.com.au survey of 2,005 Australians has found that 57 per cent of the respondents would be “turned off” by... READ MORE
Pepper takeover deal becomes effective

Pepper takeover deal becomes effective
by Reporter • 22 Nov 2017
The Federal Court of Australia has approved the scheme implementation deed for Red Hot Australia Bidco Pty Ltd to... READ MORE
Living expenses, money

APRA calls for renewed focus on ‘realistic living expenses’
by Reporter • 22 Nov 2017
The chairman of the prudential regulator has called on the finance industry to “devote more effort to the collection... READ MORE
Interact with people

Borrowers want to interact with people, says fintech CEO
by Reporter • 22 Nov 2017
The CEO of online mortgage broker uno Home Loans has said that the company is looking to hire more home loan... READ MORE
AMP

AMP introduces additional expense requirements
by Reporter • 21 Nov 2017
Mortgagors will soon be required to provide brokers with supporting documentation about their living expenses when... READ MORE
Fintech 100 list

Aussie lenders make Fintech 100 list
by Reporter • 21 Nov 2017
Ten Australian companies have been listed in KPMG’s Fintech 100 list, which identifies the top 50 fintech firms... READ MORE
loan market damien mark mills broker death gavel

Loan Market broker’s death ruled ‘accidental’
by Reporter • 21 Nov 2017
The WA coroner has ruled that the incident involving Damien Mark Mills, a Loan Market broker who drowned in 2014... READ MORE

Broker share to reach 60% by 2020, says Aussie
by Reporter • 20 Nov 2017
The chief executive officer of Aussie Home Loans, James Symond, has said that he expects broker market share to soar... READ MORE
mystate bank cut ties s&p scissors

Tasmanian lender cuts ties with S&P
by Reporter • 20 Nov 2017
MyState Bank has broken ties with Standard and Poor’s following the latest credit rating issued by the market... READ MORE
Broker market share reaches ‘record’ high

Broker market share reaches ‘record’ high
by Reporter • 20 Nov 2017
Brokers settled 55.7 per cent of all residential mortgages in the September 2017 quarter, new industry data has... READ MORE
Office documents

Brokers ‘can’t accept paperwork at face value’, warns aggregator
by Reporter • 20 Nov 2017
The general counsel for a major aggregator has warned that brokers need to be “drilling down” on paperwork, as the... READ MORE
Heritage Bank

Regional bank becomes 22nd lender on Aussie panel
by Reporter • 17 Nov 2017
Toowoomba-based lender Heritage Bank has become the 22nd member of Aussie’s lender panel, and the third member to... READ MORE
Question, broking industry, value proposition

Broking industry asked to take survey on value proposition
by Reporter • 17 Nov 2017
Brokers, aggregators and those affiliated with the broker channel are being asked to respond to a survey that aims to... READ MORE

Major bank fires staff over ‘incorrect’ home loan applications
by Reporter • 16 Nov 2017
NAB has announced that it has fired 20 bankers in NSW and Vic, disciplined 32 people and begun remediation for... READ MORE
Arrears drop for second month in a row

Arrears drop for second month in a row
by Reporter • 16 Nov 2017
Mortgage arrears for prime residential mortgage-backed securities have fallen, according to data from S&P Global... READ MORE
Brokers believe mortgagors should get help in native tongue

Brokers believe mortgagors should get help in native tongue
by Staff reporter • 16 Nov 2017
Nearly 80 per cent of brokers believe that borrowers who are not fluent in English should get help with their home loan... READ MORE
Economic outlook an ‘encouraging’ sign for brokers

Economic outlook an ‘encouraging’ sign for brokers
by Reporter • 16 Nov 2017
New economic data has revealed that Australians believe business conditions have improved, which the Finance Brokers... READ MORE
Financial support

Marriage debate highlights LGBTQI financial needs
by Reporter • 16 Nov 2017
Following on from the marriage law postal survey results, a subsidiary of a major bank has highlighted the need to... READ MORE
Temenos clarifies ‘non R&O compliant’ statement

Temenos clarifies ‘non-R&O compliant’ statement
by Reporter • 16 Nov 2017
Banking software provider Temenos has released a statement clarifying that its eLodge+ platform is “100 per cent... READ MORE
NAB

NAB campaign streamlines broker tools
by Reporter • 15 Nov 2017
National Australia Bank has launched a new campaign that aims to “empower” brokers with a streamlined loan... READ MORE