Breaking News

Fixed rate demand continues to slide
by Reporter • 1 Feb 2018
Borrower demand for fixed rate mortgages has fallen for the fifth consecutive month, new data has revealed. READ MORE
James Boyle, Stuart Stoyan

Marketplace lender reveals big plans for broker channel
by James Mitchell • 1 Feb 2018
MoneyPlace CEO Stuart Stoyan is banking on Liberty’s broker relationships and funding capabilities to execute an... READ MORE

CBA accreditation changes ‘a really good idea’, says broker
by Reporter • 1 Feb 2018
The industry is split over CBA’s new accreditation changes, with some suggesting that every lender should emulate the... READ MORE

Industry body urges big banks to drop rates
by Reporter • 31 Jan 2018
The head of the Finance Brokers Association of Australia has called on the big banks to drop home loan rates. READ MORE
housing affordability

State governments launch housing affordability initiatives
by Reporter • 31 Jan 2018
The Victorian and Tasmanian governments have both launched new initiatives to make housing more affordable for local... READ MORE
magnifying glass

ASIC probe to ‘validate’ broking profession
by Reporter • 30 Jan 2018
Brokers are being urged to set aside their fears and cooperate with the corporate regulator’s shadow shopping... READ MORE
Property prices continue to fall

Property prices continue to fall
by Staff Reporter • 30 Jan 2018
The latest CoreLogic data has found that home values fell in all but one capital city last week. READ MORE
Brokerage launches cloud-based CRM platform

Brokerage launches cloud-based CRM platform
by Reporter • 30 Jan 2018
A mortgage brokerage has announced the launch of a cloud-based client relationship management software to “enhance... READ MORE
default image

Lack of new brokers the ‘biggest challenge in 20 years’
by Reporter • 30 Jan 2018
The CEO of a leading non-bank lender has said that the broking industry is facing its “biggest challenge in 20... READ MORE
CBA, Matt Comyn

CBA’s head of retail banking to become new CEO
by Reporter • 30 Jan 2018
The major bank has announced that it has appointed its group executive for retail banking services to the role of chief... READ MORE
One in three mortgages being rejected

One in three mortgages being rejected, says BDM
by Reporter • 29 Jan 2018
One Sydney-based BDM and former mortgage broker says that one in three clients are unable to obtain a loan as a result... READ MORE
MFAA highlights ‘opportunity’ of ASIC’s shadow shop

MFAA highlights ‘opportunity’ from ASIC’s shadow shopping
by Reporter • 29 Jan 2018
The head of the Mortgage & Finance Association of Australia has called on brokers to consider ASIC’s upcoming... READ MORE
Letter T

The three ‘Ts’ that brokers need to know
by Reporter • 29 Jan 2018
Ahead of his session at the Better Business Summit, Nigel Dalton, chief inventor of the REA Group, has revealed the... READ MORE
Ex-banker becomes broker to provide 'better solutions'

Ex-banker becomes broker to provide ‘better solutions’
by Reporter • 29 Jan 2018
An ex-banker has revealed that his decision to become a broker was driven by the “lack of solutions” offered to... READ MORE
Warning

Royal commission warned of ‘unscrupulous brokers’
by Reporter • 25 Jan 2018
A submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has... READ MORE
magnifying lens searching asic probe financial advice providers

ASIC probe confirms in-house product bias
by Aleks Vickovich • 24 Jan 2018
The regulator’s review of Australia’s five largest financial advice providers has found alarming levels of in-house... READ MORE
Glenn Gibson

AMP Bank announces executive’s departure
by Reporter • 24 Jan 2018
The bank has announced that, as of 2 February 2018, its head of marketing and sales, Glenn Gibson, is no longer with... READ MORE
Question mark

Opinion: Why do the majors get so much broker business?
by James Mitchell • 24 Jan 2018
One would think that with more than half of mortgages being written by brokers, the dominance of the big four would be... READ MORE

‘We will never sell to a bank’, says aggregation boss
by James Mitchell • 24 Jan 2018
The head of a boutique aggregator has explained the group’s position on vertical integration following the... READ MORE
House loan

Rising average loan size not a problem, says economist
by Reporter • 24 Jan 2018
According to one economist, the reported rise of the average loan size in Australia is not a cause for concern, despite... READ MORE
searching for new broker head

Non-major searching for new broker head
by Staff Reporter • 23 Jan 2018
Auswide Bank has confirmed that it is actively seeking to replace its head of third party following the recent... READ MORE
Rate, drop

Bank drops fixed rates by up to 75bps
by Reporter • 23 Jan 2018
MyState Bank has announced that it has dropped rates for new fixed rate owner-occupied home loans as well as fixed and... READ MORE
Brokers

ASIC’s shadow shopping exercise to evaluate ‘broker advice’
by Reporter • 23 Jan 2018
A shadow shopping exercise being undertaken by ASIC will consider whether “broker advice” results in “positive... READ MORE
Royal Commission hearings to start next month

Royal commission hearings to start next month
by Reporter • 22 Jan 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry — including... READ MORE
Auswide Bank, P2P lender

Bank sells stake in P2P lender
by Reporter • 22 Jan 2018
Auswide Bank has announced that it has completed the divestment of its stake in personal loans P2P lender MoneyPlace,... READ MORE