Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Mutual banks cut owner-occupier IO rates

Mutual banks cut owner-occupier IO rates
by Reporter • 27 Oct 2017
Teachers Mutual Bank, UniBank and Firefighters Mutual Bank have dropped their interest rates for several home loans,... READ MORE
ANZ, mortgage brokers

Brokers responsible for 56% of major bank flows
by James Mitchell • 27 Oct 2017
Mortgage brokers have become the primary distribution channel for a major lender, whose CEO concedes that customers no... READ MORE
Tamara Virgo

Award-winning broker: Tamara Virgo
by Staff reporter • 26 Oct 2017
It takes something pretty special to nab multiple wins at The Adviser’s Better Business Awards. We find out how this... READ MORE
Banned

Mortgage broker banned for life
by Staff reporter • 26 Oct 2017
ASIC has permanently banned a Victoria-based mortgage broker after she failed to disclose a past criminal conviction... READ MORE
Users

Pepper’s deal conversion tool reaches 1,000 users
by Julianne Leybag • 26 Oct 2017
Non-conforming lender Pepper has announced that its ‘market-first’ conversion tool for non-conforming deals has... READ MORE
Home loan

Lenders trialling home loan blockchain solution
by Reporter • 26 Oct 2017
A range of lenders, including HSBC Australia, are currently trialling the “world’s most advanced end-to-end loan... READ MORE
home loan connexion mortgage brokerage mentoring pen and paper

Brokerage to launch mentoring program
by Reporter • 26 Oct 2017
A Queensland-based mortgage brokerage has revealed that it will be launching a new mentoring program for new brokers in... READ MORE
Home loan application

Brokers burned by customer-driven channel conflict
by James Mitchell • 25 Oct 2017
Home loan conversion rates are plummeting as borrowers attempt to secure a mortgage by making multiple applications... READ MORE
Stamp duty tax

Stamp duty changes driving first home buyer comeback
by Staff reporter • 25 Oct 2017
New research has found that first home buyers are making a return to the market, probably as a result of recent changes... READ MORE
House and coins

Consumers don’t want to pay fees to brokers, says banking head
by Reporter • 25 Oct 2017
Suncorp Bank’s CEO of banking and wealth has said that he does not believe that customers would want to pay fees to... READ MORE
Home loan terms

Borrowers increasingly unsure of home loan terms
by Reporter • 25 Oct 2017
Australian borrowers are more unsure of home loan terminology now than they were two years ago, according to a new... READ MORE
Dollar sign

Inefficiency is ‘crushing profitability’ in US mortgage market
by Staff reporter • 25 Oct 2017
The CEO and co-founder of a US-based fintech has said that technology could unlock “billions of dollars of value”... READ MORE
Weng Wong

Award-winning broker: Weng Wong
by Staff reporter • 24 Oct 2017
This Adelaide-based broker took home three awards at the 2017 Better Business Summit. With a conversion rate of 96 per... READ MORE
ANZ, Westpac, NAB, scales of justice

Major bank to settle rate rigging case with ASIC
by Staff reporter • 24 Oct 2017
A big four bank has reached an in-principle agreement with the corporate watchdog to settle a court action relating to... READ MORE
Banks to develop individual approaches to remuneration

Banks to develop individual approaches to remuneration
by Reporter • 24 Oct 2017
The FBAA has welcomed the Australian Bankers’ Association’s decision to reverse its position on how the banking... READ MORE

MP grills CBA on brokers, offsets and big mortgages
by James Mitchell • 24 Oct 2017
NSW MP Kevin Hogan said that mortgage brokers have told him that it is in their best interest to get clients to... READ MORE
Penalty

Penalties for financial misconduct to increase
by Reporter • 24 Oct 2017
The Treasury is consulting on extending maximum prison terms, increasing civil penalties and expanding ASIC’s... READ MORE
Learning platform

New learning platform for brokers launched
by Staff reporter • 23 Oct 2017
A new interactive learning platform has been launched by the YBR Group, in partnership with Open Colleges, to drive... READ MORE
coins house mortgage repricing nab ceo andrew thorburn

‘No formula’ for mortgage repricing, says NAB CEO
by James Mitchell • 23 Oct 2017
The major bank boss has confirmed that quantifying interest rate increases in response to regulatory measures is an... READ MORE
Mortgage Choice, uptick

Mortgage Choice sees FHB flows jump to 15%
by Staff reporter • 20 Oct 2017
Historically low interest rates combined with additional first home buyer incentives are helping more potential buyers... READ MORE
Chess piece

Underinvestment in equipment would see SMEs ‘lose out’
by Reporter • 20 Oct 2017
The CEO of an asset finance and leasing solutions provider has warned that small businesses are less keen to invest in... READ MORE
Westpac

Major bank to refund $65m to customers
by Reporter • 20 Oct 2017
Westpac is to refund approximately $65 million to customers, including home loan customers, after finding that they... READ MORE
Launch, new lending platform

Aggregator launches new lending platform
by Reporter • 20 Oct 2017
Vow Financial has launched a new lending platform, powered by Salestrekker, which it says is “the most sophisticated... READ MORE
Launch new home loan

Macquarie and Aussie launch new home loan
by Reporter • 19 Oct 2017
Aussie Home Loans has launched a new home loan product in partnership with Macquarie Bank. READ MORE
Crisis, arrow down

Home loan arrears fell in August
by Reporter • 19 Oct 2017
The number of delinquent housing loans fell to 1.10 per cent in August, down from 1.17 per cent in July. READ MORE