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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

Director of unlicensed payday lender banned
by Reporter • 10 Oct 2017
The financial services regulator has banned a director of a payday lender from engaging in credit activities for a... READ MORE
Westpac, Westpac bank, mortgage fintech, uno Home Loans, investments

Westpac investing $26.5m in mortgage fintech
by Reporter • 10 Oct 2017
The big four bank has announced that it has invested a further $5 million in a Sydney-based mortgage fintech, bringing... READ MORE
How to get a better rate, home loan

Nearly a fifth of people unsure how to get a better rate
by Reporter • 10 Oct 2017
New research sponsored by a non-bank lender has revealed that a third of Australians are “apathetic” about... READ MORE
Money

ASIC to recover $9m from credit intermediaries
by Reporter • 10 Oct 2017
The financial services regulator has released indicative figures and its methodology for recovering the cost of its... READ MORE
Commissions, money, cash

Opinion: Commissions are great for consumers
by James Mitchell • 9 Oct 2017
The recent case of a Sydney home seller stung by a fixed-fee model proves why commissions are a tried and tested way of... READ MORE

Broker jailed for $170m mortgage fraud
by Reporter • 9 Oct 2017
A Victoria-based broker has been sentenced to five years' jail after pleading guilty to one charge of conspiring to... READ MORE
Heritage Bank

Heritage Bank resumes investor lending
by Reporter • 9 Oct 2017
The regional bank has announced that it has begun accepting new applications for investment home loans again and has... READ MORE
CBA, mortgage channels

CBA has 'a bet each way' on mortgage channels
by Reporter • 9 Oct 2017
The outgoing CEO of CBA, Ian Narev, has said that the bank has “a bet each way” on mortgage distribution, backing... READ MORE
bankwest broker home loan tool

Bankwest launches home loan pricing tool
by Reporter • 9 Oct 2017
Non-major lender Bankwest has rolled out a pricing tool on its Home Lending Portal, which provides "real-time... READ MORE

Better Business Awards nominations open
by staff reporter • 6 Oct 2017
Nominations for the industry’s best brokers, lenders and service providers are now being accepted for The Adviser... READ MORE
businessman running holding laptop technology fintech loanflare mortgage fintech administration

Minority shareholder places mortgage fintech into administration
by Reporter • 6 Oct 2017
Parties associated with a minority shareholder of online mortgage platform LoanFlare have put the company into... READ MORE
FBAA calls out UBS conclusions

FBAA calls out UBS conclusion as ‘assumptions’
by Reporter • 6 Oct 2017
The Finance Brokers Association of Australia has excoriated UBS for releasing reports “based on assumptions and not... READ MORE
Young talents, professional brokers

Opinion: We need to focus on young talent in broking
by James Mitchell • 6 Oct 2017
The shape of mortgage broking tomorrow will all depend on how we support the young professionals of today. READ MORE
Struggling with mortgage

Major brokerage says 1 in 4 now struggling with mortgage
by James Mitchell • 6 Oct 2017
One of Australia’s largest mortgage brokerages has found that borrowers are beginning to feel the burden of... READ MORE
1300homeloan john kolenda rba relax

RBA ‘just needs to relax’, says brokerage
by Reporter • 5 Oct 2017
The managing director of a mortgage broker–owned home loan brand has said that the RBA “just needs to relax” on... READ MORE
interest-only loans

‘A third of IO borrowers don’t know they have an IO loan’: UBS
by Reporter • 5 Oct 2017
Banking analysts at UBS have suggested that a third of borrowers with interest-only loans “do not know or understand... READ MORE
Bluestone accepts VOI reports

Bluestone accepts VOI reports
by Reporter • 5 Oct 2017
The specialist lender has announced that it is now accepting identity reports for broker customers via the IDme and... READ MORE
car finance manager, guilty to fraud

Car finance manager pleads guilty to fraud
by staff reporter • 4 Oct 2017
Andrew Neville Hodgetts, a former finance manager for the Launceston Motor Group in Tasmania, has pleaded guilty to... READ MORE
Brokers, leaders, meeting

Brokers have ‘completely changed’ their models
by James Mitchell • 4 Oct 2017
Local mortgage brokers are increasingly learning from their international counterparts and developing new and more... READ MORE

NSW mortgage rates differ by 1.91%
by Reporter • 4 Oct 2017
There is a “massive discrepancy” in home loan interest rates across NSW, even within the same suburbs, a new... READ MORE
RBA

RBA makes cash rate decision - Oct 2017
by Sasha Karen • 3 Oct 2017
The Reserve Bank of Australia has announced the official cash rate for October following its monthly board meeting. READ MORE