Breaking News

Lending restrictions ‘helpful’ in easing household debt concerns

Lending restrictions ‘helpful’ in easing household debt concerns
by Reporter • 20 Feb 2018
Regulatory measures imposed to curb lending growth were “helpful” in containing risks associated with record high... READ MORE
mortgage broker scrutiny magnifying glass looking eye

Opinion: The missing piece in mortgage broker scrutiny
by James Mitchell • 20 Feb 2018
With more and more reports being published about the mortgage broking industry, there is one conspicuous area that has... READ MORE

Royal commission ‘opens the banks up to class actions’: UBS
by Reporter • 20 Feb 2018
If evidence of “mortgage mis-selling and irresponsible lending” is found during the royal commission, the banks... READ MORE
tighten mortgage lending

NAB, Advantedge tighten mortgage lending criteria
by Staff Reporter • 19 Feb 2018
The major bank has reduced its loan-to-income (LTI) ratio in response to regulatory concerns about Australia’s high... READ MORE
mystate bank broker support appointment stacking head blocks

Bank announces new broker support appointment
by Reporter • 19 Feb 2018
MyState Bank has hired the former head of broker support at My Local Broker, Stephanie Kennar, for a new role... READ MORE

FBAA slams CHOICE, highlights the benefit of trail
by Reporter • 19 Feb 2018
The Finance Brokers Association of Australia (FBAA) has reaffirmed the benefits of trail commission, hitting out at... READ MORE
Loan Market hires former YBR CEO

Loan Market hires former YBR CEO
by Reporter • 19 Feb 2018
Mortgage broking and finance group Loan Market has appointed former Yellow Brick Road CEO Matt Lawler to the role... READ MORE
rate changes

Macquarie and ING announce rate changes
by Reporter • 16 Feb 2018
The two lenders have made a broad range of changes to interest rates offered on their home loans. READ MORE
$7.8m penalties for three small financial firms

$7.8m penalties for three small financial firms
by Staff reporter • 16 Feb 2018
Penalties totalling $7.8 million have been issued to three related businesses for numerous breaches of consumer... READ MORE
Better Business Awards 2018

QLD brokers honoured at Better Business Awards 2018
by Reporter • 16 Feb 2018
The top brokers, brokerages, lender BDMs and loan administrators in Queensland have been honoured at The Adviser’s... READ MORE
APRA

‘APRA cannot be all care and no responsibility’, warns brokerage...
by Reporter • 16 Feb 2018
The managing director of a leading brokerage has called on APRA to ensure that any new macro-prudential measures... READ MORE
andrew barr chief minister act first home buyers housing afforability

FHB grants ‘make housing less affordable’, says ACT Chief Minister
by Reporter • 16 Feb 2018
The Chief Minister of the Australian Capital Territory has called for the abolition of stamp duty for first home buyers... READ MORE
Email scam

Email scam warning for Vic home buyers
by Reporter • 16 Feb 2018
Consumer Affairs Victoria has warned home buyers that it has received reports of a possible scam targeting them, with... READ MORE
Suncorp’s profits fall as loan book thickens

Suncorp’s profits fall as loan book thickens
by Reporter • 15 Feb 2018
Suncorp Bank has recorded a profit loss in the first half of the 2018 financial year, down by 16 per cent from the... READ MORE
CBA, Commonwealth Bank

CBA may not reaccredit brokers with ACLs
by Reporter • 15 Feb 2018
Commonwealth Bank has confirmed that brokers, whether new to the industry or otherwise, who hold a direct ACL may... READ MORE
conflict of interest

Vertical integration creates ‘conflict of interest’ for brokers:...
by Reporter • 14 Feb 2018
Brokers that process loans through lender-owned aggregators could be facing conflicts of interest, according to the... READ MORE
CCR requirements will backfire on borrowers

CCR requirements will backfire on borrowers: FBAA
by Reporter • 14 Feb 2018
An industry association has warned that there’s “no chance in hell” the new comprehensive credit reporting... READ MORE

Royal commission updates online form
by Reporter • 14 Feb 2018
Following an article in The Adviser highlighting a “major flaw” in the online form for the Royal Commission into... READ MORE
Broker warns of ‘major flaw’ in royal commission form

Broker warns of ‘major flaw’ in royal commission form
by Reporter • 14 Feb 2018
The figures cited by the initial hearing of the Royal Commission into Misconduct in the Banking, Superannuation and... READ MORE
Royal commission points to big bank dominance

Royal commission points to big bank dominance
by Tim Stewart and Tas Bindi • 13 Feb 2018
The royal commission into banking has released its first publication, laying out the market dominance of Australia’s... READ MORE
warning sign on businessman face warning issued shadow shopper scam

Warning issued over shadow shopper scam
by Reporter • 13 Feb 2018
The Australian Securities and Investments Commission has warned the public to be wary of scammers claiming to... READ MORE
La Trobe Financial FUM surpasses $5bn milestone

La Trobe Financial FUM surpasses $5bn milestone
by Reporter • 13 Feb 2018
The non-bank lender has revealed that its retail credit fund has tripled its funds under management over the last three... READ MORE

Bank refocuses on brokers following ‘teething problems’
by Reporter • 13 Feb 2018
A non-major bank has stated its intent to generate “more growth” from the third-party channel, despite experiencing... READ MORE
Loan Market records 35% growth

Loan Market records 35% growth
by Reporter • 13 Feb 2018
December 2017 and January 2018 marked Loan Market’s months with biggest ever settlement since the group’s... READ MORE

Investors should be renegotiating rates, says Aussie broker

by Tas Bindi • 12 Feb 2018
Now is the time for property investors to renegotiate their rates and improve their cash flow, according to Aussie... READ MORE