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Advantedge relaunches white label home loans

Advantedge relaunches white label home loans
by Reporter • 15 Nov 2017
Advantedge Financial Services has relaunched its white label home loans, which are now being made available through... READ MORE
peer to peer lending australia central bank money

‘Predatory loans’: Central bank slams P2P lending

by James Mitchell • 15 Nov 2017
Peer-to-peer lending platforms in the US have been likened to the subprime mortgages that triggered the global... READ MORE
Fraud warning to brokers

Major aggregator issues fraud warning to brokers
by James Mitchell • 14 Nov 2017
One of the industry’s largest aggregators has said that brokers are “on the front line” of preventing mortgage... READ MORE
AMP

AMP reveals changes to loan rules
by Reporter • 14 Nov 2017
The challenger bank has announced that it will be making changes to the way it processes and reports loans so that they... READ MORE
Retirement, leaving the door

‘End of an era’ for Homeloans Ltd
by Reporter • 14 Nov 2017
The co-founder of non-bank mortgage provider Homeloans Ltd, Robert Salmon, has retired from the board, 32 years after... READ MORE
Westpac

Westpac Group’s R&O requirements now live
by Reporter • 14 Nov 2017
The major bank and its subsidiaries now require brokers to submit additional Requirements & Objectives questions... READ MORE
Scottish Pacific appoints new CFO

Scottish Pacific appoints new CFO
by Reporter • 14 Nov 2017
Scottish Pacific Group has appointed David Rose as its new chief financial officer and company secretary. READ MORE
Brokers ‘are working harder than ever’

Brokers ‘are working harder than ever’
by Reporter • 13 Nov 2017
A new marketplace lender has released a whitepaper highlighting that the complex lending market is leading to brokers... READ MORE
AFG launches new insurance program

AFG launches new insurance program
by Staff reporter • 13 Nov 2017
The major aggregator has announced the appointment of Lifebroker to its life insurance referral program. READ MORE

‘World-first’ home loan auction platform launches
by Reporter • 13 Nov 2017
The “world’s first auction-style platform” for loans and deposits has launched, enabling consumers to tender... READ MORE
Handshake, deal

Bluestone closes $300m RMBS
by Reporter • 10 Nov 2017
Specialist lender Bluestone Mortgages has closed a $300 million RMBS transaction, taking the company’s capital... READ MORE

ING pulls back residential offering for non-individual borrowers
by Reporter • 10 Nov 2017
Effective immediately, ING DIRECT will no longer provide non-individual borrowers, such as trusts and companies, with... READ MORE

Ex-CBA employee charged for role in $36m ‘fraud conspiracy’
by Reporter • 10 Nov 2017
A former employee of the Commonwealth Bank of Australia has been charged with conspiracy to defraud the bank, after... READ MORE
Brokers

Opinion: What does a broker do?
by Reporter • 10 Nov 2017
If you were to describe your job to a new client, what would you say? Would you call yourself a broker? A loan writer?... READ MORE
Banks have created ‘SLAs on top of SLAs’ by outsourcing

Banks have created ‘SLAs on top of SLAs’ by outsourcing
by James Mitchell • 9 Nov 2017
In an effort to cut costs, banks have actually reduced efficiencies and created more headaches for brokers and their... READ MORE
Mortgage industry companies among fastest growing

Mortgage industry companies among fastest growing
by Reporter • 9 Nov 2017
Several companies in the mortgage and finance space have been recognised as the fastest growing businesses in the... READ MORE
Draft changes for GST on new property purchases announced

Draft changes for GST on new property purchases announced
by Staff reporter • 9 Nov 2017
Following the announcement of the 2017–18 budget, the Treasury has released the draft legislation for how GST will... READ MORE
Warning

Broker boom ‘unsustainable’, warns MFAA CEO
by Reporter • 9 Nov 2017
The number of finance brokers has increased by 3.3 per cent, a level which could be unsustainable, according to... READ MORE
Government ‘has got it wrong’ on CCR: FBAA

Government ‘has got it wrong’ on CCR: FBAA
by Reporter • 9 Nov 2017
Concerns have been raised that the new mandatory comprehensive credit reporting regime could produce negative consumer... READ MORE
Financial security

Property investors 'don't need to worry' about financial security
by Lucy Dean • 8 Nov 2017
A property consultant is confident that Australians don’t need to worry about financial security if they have a real... READ MORE
Launch

Consultation launches on new ASIC powers
by Reporter • 8 Nov 2017
ASIC could soon have the power to direct brokers in the conduct of their business where necessary to address or prevent... READ MORE
Predictive machine learning could come to mortgages

Predictive machine learning could come to mortgages
by Reporter • 8 Nov 2017
Big data and machine learning could soon help lenders offer tailored mortgages based on the real-time financial... READ MORE
NAB

NAB ‘open for business’ on IO, investor loans
by James Mitchell • 7 Nov 2017
The effectiveness of APRA’s regulatory actions over the last year has left the major lender with plenty of capacity... READ MORE
RBA

RBA holds cash rate at record low
by Reporter • 7 Nov 2017
The Reserve Bank of Australia has today announced the official cash rate for November, following its monthly board... READ MORE
Broker, house key

Brokers should ‘move away from being a broker’
by Reporter • 7 Nov 2017
As technology and artificial intelligence make loan processing easier to automate, brokers should be looking to move... READ MORE