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Virgin Money cuts variable rates

Virgin Money cuts variable rates
by Staff Reporter • 25 Sep 2017
The non-major lender has reduced today a number of variable investment P&I rates for new mortgage applications. READ MORE
Handshake, appoints new CFO, Kylie Turner

Aggregator channel appoints new CFO
by Julianne Leybag • 22 Sep 2017
Finsure Finance & Insurance has announced that it has appointed Kylie Turner as the new chief financial officer as... READ MORE
Women in Finance winners crowned

Winners of Women in Finance Awards crowned
by Reporter • 22 Sep 2017
The inaugural Women in Finance Awards was held last night, with several leading brokers and members of the mortgage... READ MORE
Mortgage

Mortgage offset class orders remade
by Julianne Leybag • 21 Sep 2017
ASIC has remade two class orders on mortgage offset accounts and factoring arrangements, with minor amendments,... READ MORE
Piggy bank, loan, lending to brokers, Adelaide Bank

Adelaide Bank rolls out construction lending to brokers
by Reporter • 21 Sep 2017
The SA-based bank is now directly offering construction loans through the broker channel for both new and existing... READ MORE
Westpac drops fixed rate

Westpac group drops fixed rate

by Reporter • 21 Sep 2017
The major bank and its subsidiaries have become the latest lenders to drop the interest rate on their two-year fixed... READ MORE
Money, expenses, loan rate

Brokers call for closer scrutiny of living expenses
by Reporter • 21 Sep 2017
Two leading mortgage brokers have suggested that NAB’s switch to loan-to-income ratios will “not change much”,... READ MORE
Caution, warning, threat

ASIC independence ‘faces threat’, warns Labor
by Reporter • 21 Sep 2017
The Shadow Treasurer has suggested that the “independence of and bipartisan support for” the financial services... READ MORE
APRA

APRA has ‘failed’ on competition: COBA
by Staff Reporter • 20 Sep 2017
The prudential regulator has failed to give due consideration to competition in the banking industry, argues the... READ MORE
Macquarie

Non-major changes commission clawback policies
by Staff Reporter • 20 Sep 2017
One of Australia’s largest non-major banks has announced new commission rates and changes to its clawback period, all... READ MORE
Cut

CUA 'phases' back into investor loans, cuts rates
by Reporter • 20 Sep 2017
CUA has continued its “phased” return to investor lending by dropping interest rates for fixed rate investor home... READ MORE
Auswide

Auswide profit up by 11.4% as loan book hits $2.8bn
by James Mitchell • 19 Sep 2017
The Queensland-based lender has lifted its underlying NPAT by 11.4 per cent to $15.6 million for the 2017 financial... READ MORE
Home values

Home values creep in most capital cities
by Staff Reporter • 19 Sep 2017
Home values increased marginally in all but one capital city last week, with Sydney being the only one that recorded a... READ MORE
Mortgage

Mortgage arrears at five-year high: Moody’s
by Reporter • 19 Sep 2017
The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five... READ MORE
Policy

NAB Group changes credit policy
by Reporter • 19 Sep 2017
NAB Group, including Advantedge, has changed its credit policy so that applications for interest-only and principal... READ MORE

Brokers need flexible commission model, says non-bank boss
by James Mitchell • 19 Sep 2017
The CEO of an award-winning non-bank lender has revealed why the group allows its broker partners to choose how they... READ MORE
Handshake

Insurance provider partners with Our Broker
by Reporter • 19 Sep 2017
The financial services and broking arm of real estate agency Raine & Horne has partnered with the ALI Group to... READ MORE
brad cramb aussie home loans general manager

Toyota exec to drive Aussie expansion
by James Mitchell • 18 Sep 2017
Australia’s largest mortgage broking business has today named its new general manager of distribution. READ MORE
Boxing gloves

Banks have 'no excuse for not challenging expenses'
by Reporter • 18 Sep 2017
The financial services regulator has disagreed with some of the findings of UBS’ recent "liar loans" report, adding... READ MORE
Launch, computer, technology, rebrand

Insurance portal rebrands and expands broker offering
by Reporter • 18 Sep 2017
Multi-insurance provider Ensurance Now has rebranded and rolled out additional measures to provide better broker... READ MORE
Fraud, jail

Former car finance manager convicted for loan fraud
by James Mitchell • 15 Sep 2017
A Victorian man has been convicted in the Ringwood Magistrates Court after pleading guilty to one charge of dishonestly... READ MORE
APRA

Brokers provide regional lenders with ‘plenty of opportunities’:...
by Lucy Dean • 15 Sep 2017
Brokers are part of both the cause for and the solution to regional lenders’ struggle with the Australian Prudential... READ MORE
Question

ASIC questions legality of bank rate hikes
by James Mitchell • 15 Sep 2017
The corporate watchdog told a parliamentary hearing this week that the big banks could be in breach of the ASIC Act... READ MORE
Blind man

Political 'tit for tat' destructive in the Sydney housing debate
by Tim Neary • 14 Sep 2017
The political “tit for tat” over Sydney’s growth is not a helpful way to find sustainable solutions for meeting... READ MORE
Mario Rehayem

Former broker becomes CEO of non-bank lender
by James Mitchell • 14 Sep 2017
Non-bank lender Pepper has announced today the appointment of a new country CEO for Australia. READ MORE