Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

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

Mortgage manager pulls line of credit products
by Staff reporter • 13 Dec 2017
Bluebay Home Loans has announced that it will not be accepting new applications for some of its Line of Credit products... READ MORE
default image

RMBS delinquencies to rise in 2018
by Staff Reporter • 13 Dec 2017
Moody’s Investors Service says that the delinquencies for outstanding Australian residential mortgage bonds and... READ MORE
Brokers to have new code and unique identifier numbers

Brokers to have new code and unique identifier numbers
by Reporter • 13 Dec 2017
By the end of 2020, brokers will be given a “unique identifier number” and be subjected to a new code of conduct,... READ MORE

Aggregation boss explains ‘net payment’ commission reforms
by James Mitchell • 13 Dec 2017
Connective director Mark Haron has outlined how remuneration reforms will impact brokers and why banks have “a lot of... READ MORE

Queensland broker named country’s top young mortgage broker
by Reporter • 13 Dec 2017
Queensland broker George Samios has been named as Australia’s top young mortgage broker in a national list of the... READ MORE
Borrowers use brokers to feel ‘safe’

Borrowers use brokers to feel ‘safe’
by Reporter • 12 Dec 2017
The head of a leading brokerage has said that borrowers use brokers to feel “safe” in their lending decisions, but... READ MORE
CIF proposes package of commission changes

CIF proposes package of commission changes
by Reporter • 12 Dec 2017
The newly released reform package from the Combined Industry Forum has outlined changes to remuneration structures,... READ MORE
Brokers unsettled by political instability

Brokers unsettled by political instability
by Reporter • 12 Dec 2017
A new survey has found that mortgage brokers are growing increasingly concerned about political instability,... READ MORE
new culture around learning

Kaplan calls for move away from time-based CPD points
by Reporter • 11 Dec 2017
Education and training provider Kaplan Professional has released a white paper that encourages the financial services... READ MORE

Sedgwick’s broker reforms challenge major banks
by James Mitchell • 11 Dec 2017
A recently published parliamentary committee report suggests that Sedgwick’s recommendations to reform broker... READ MORE

CIF response defines ‘good consumer outcomes’
by Reporter • 11 Dec 2017
The Combined Industry Forum has released details of its response to Treasury on broker remuneration, laying out six... READ MORE
Brokers 'shouldn’t be worried' about royal commission

Brokers ‘shouldn’t be worried’ about royal commission
by Reporter • 11 Dec 2017
The head of an industry association has stated that brokers “should not be worried” about the royal commission into... READ MORE
First home buyers

New legislation provides tax cut for first home buyers
by Reporter • 8 Dec 2017
The federal government has successfully passed legislation that will allow first home buyers to access their tax-exempt... READ MORE
ANZ, investor lending

Investor lending bounces back in October
by Staff reporter • 8 Dec 2017
ANZ noted that investor lending has experienced a “sawtooth” pattern in recent months as commitments rebounded by... READ MORE
Brokers may fall under royal commission

Brokers may fall under royal commission
by Reporter • 8 Dec 2017
Brokers and payday lenders could form part of the Royal Commission into Misconduct in the Banking, Superannuation and... READ MORE

2017 saw landmark moment for broking, says brokerage head
by Reporter • 8 Dec 2017
The head of a leading mortgage brokerage has said that cross-sector co-operation on broking has relieved his concerns... READ MORE
Mortgage

Demand for fixed rate mortgages continues to fall
by Reporter • 7 Dec 2017
Fewer borrowers are looking for fixed rate mortgages, instead opting to reap the benefits of the continually low cash... READ MORE
Dropped, arrow down

Interest-only loans plummet
by Reporter • 7 Dec 2017
The number of new interest-only loans approved by banks has dropped by nearly half in one year, bringing the total... READ MORE

YBR welcomes new partner to lender panel
by Reporter • 7 Dec 2017
Yellow Brick Road executive chairman Mark Bouris has welcomed a new addition to the company’s lender panel. READ MORE
First home buyer numbers rise by a third

First home buyer numbers rise by a third
by Reporter • 7 Dec 2017
The number of first home buyers purchasing homes has risen by 32.6 per cent in the year to September 2017, new research... READ MORE
Finalists, Better Business Awards 2018

Finalists announced for Better Business Awards 2018
by Staff reporter • 7 Dec 2017
The Adviser is pleased to reveal the mortgage professionals from across Australia who will be in the running for a... READ MORE