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Brokers

Brokers ‘not recording the outcomes’ of IO discussions: ASIC
by Reporter • 19 Oct 2017
Brokers may be having the appropriate conversation with borrowers on interest-only home loans, the financial services... READ MORE
Money, cash, affordable to get credit advice

Commissions make credit advice ‘affordable’
by Reporter • 19 Oct 2017
The CEO of a NAB-owned aggregator has revealed his thoughts on broker commissions, stating that he believes that they... READ MORE
Identity fraud

Agents not alert to identity fraud

by Staff reporter • 18 Oct 2017
Real estate agents are not doing enough to prevent identity fraud, a new survey has found. READ MORE
Residential lending policy

Adelaide Bank changes residential lending policies
by Reporter • 18 Oct 2017
Effective from 18 October, Adelaide Bank has reduced the time frame for off-the-plan valuations, added an additional... READ MORE
ANZ Shayne Elliott

Opinion: Will brokers have the ABA in their corner?
by James Mitchell • 18 Oct 2017
With pro-broker ANZ chief Shayne Elliott at the helm, could the Australian Bankers’ Association become an ally of the... READ MORE
Decline

‘Significant decline’ in interest-only loans
by Reporter • 17 Oct 2017
New data from Mortgage Choice has revealed that there was a 60 per cent decline in interest-only mortgages over a... READ MORE
asic broker renumeration good consumer outcomes

ASIC on broker remuneration and ‘good consumer outcomes’
by Reporter • 17 Oct 2017
A senior executive leader at ASIC has clarified what he believes "good consumer outcomes" look like, and shared his... READ MORE

New ASIC chair announced
by Reporter • 17 Oct 2017
James Shipton, executive director of the Program on International Financial Systems at Harvard Law School, has been... READ MORE
Loans

Mutual bank sees record number of broker-originated loans
by Reporter • 17 Oct 2017
Strength in the broker channel has helped Teachers Mutual Bank achieve a 19 per cent rise in its home loan performance,... READ MORE
realestate.com.au Home Loans

Realestate.com.au Home Loans portal goes live
by Reporter • 17 Oct 2017
The new realestate.com.au Home Loans portal has gone live, with two-thirds of Choice Home Loans brokers signing up to... READ MORE
afg mortgage aggregator results structural change

‘Major structural change’ in mortgages: AFG
by James Mitchell • 16 Oct 2017
The aggregator’s latest Mortgage Index results show that the market share of Australia’s major banks has hit a... READ MORE
Banned, ASIC, loan-writer

Convicted loan writer permanently banned
by Staff reporter • 16 Oct 2017
ASIC has permanently banned a convicted loan writer from engaging in credit activities. READ MORE
Conflict, chess

Regulation specialist suggests remuneration is 'inherently conflicted'
by Reporter • 16 Oct 2017
A lawyer specialising in the regulation space has suggested that broker remuneration is “inherently conflicted” but... READ MORE
Mortgage

Mortgage fintech looks to blockchain for home loans
by Reporter • 16 Oct 2017
The CEO and founder of an online mortgage platform has revealed that the fintech is looking into how it can utilise... READ MORE
Launch

Aggregator launches insurance business
by James Mitchell • 13 Oct 2017
Custom Equity Group CEO David Haythorn has chosen to launch a general insurance platform, Equitisure, after seeing the... READ MORE
Appoints new digital marketing agency, Aussie Home Loans

Aussie Home Loans appoints new digital marketing agency
by Staff reporter • 13 Oct 2017
CBA-owned mortgage broker Aussie Home Loans has appointed Sydney-based Switched on Media as its digital marketing... READ MORE
Fund new mortgage line, BC Securities

Hong Kong-backed broker has $650m to fund new mortgage line

by James Mitchell • 13 Oct 2017
A Melbourne-based broker part-owned by one of Hong Kong’s largest real estate players is eager to use the third-party... READ MORE
Hon Michael McCormack MP

Small Business Minister 'agrees' with ASIC remuneration review
by Reporter • 13 Oct 2017
The Hon Michael McCormack MP, Minister for Small Business, has said that he “agreed” with ASIC’s proposals for... READ MORE
Data to be collected, disclosure has limitations, FBAA, ASIC

‘Disclosure has limitations’, says FBAA
by Reporter • 12 Oct 2017
The executive chairman of the Finance Brokers Association of Australia has questioned why ASIC wants more reporting in... READ MORE
Major banks grilled over broker pay and ownership

Major banks grilled over broker pay and ownership
by James Mitchell • 12 Oct 2017
Westpac has defended its ownership of a mortgage broker before a parliamentary committee by pointing to CBA’s... READ MORE
ANZ, rate hikes

‘Yes, we repriced the back book’: ANZ defends rate hikes
by James Mitchell • 12 Oct 2017
The major bank CEO has explained how it was a first mover on mortgage repricing and why it made a decision to hike... READ MORE
Launched new broker tool, Westpac

Westpac group introduces new broker tool
by Reporter • 11 Oct 2017
Westpac and its subsidiaries have launched a new property valuation tool that aims to give mortgage brokers a... READ MORE
Bluestone Mortgages, surpasses billion milestone

Specialist lender surpasses $1bn milestone
by Reporter • 11 Oct 2017
Bluestone Mortgages has surpassed the $1 billion milestone in settlements, with more than half of that coming in the... READ MORE

ASIC to review loan files of 'high IO' brokers
by Reporter • 11 Oct 2017
The financial services regulator has revealed that it will “shortly” begin contacting brokers that have a “high... READ MORE
Warning, caution, commission changes, reduction in broker remuneration

Non-bank warns against commission changes
by James Mitchell • 11 Oct 2017
The chief executive of a non-bank lender has said that any reduction in broker remuneration will have an impact on the... READ MORE