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Breaking News
Associations denounce consumer groups’ ASIC response
by Reporter • 13 Jul 2017
The MFAA and FBAA have discredited the consumer advocacy groups’ response to ASIC's remuneration review, calling...
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Mortgage Choice stands firm on current commission model
by Reporter • 13 Jul 2017
The leading brokerage has told the Treasury that the current upfront commission structure for brokers is “sound”...
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‘Disassociation’ between government policies and borrower...
by Lucy Dean • 13 Jul 2017
Outdated or ill-judged government policies have turned some borrowers into “collateral damage”, a leading broker...
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Lender will increase broker commissions
by Reporter • 12 Jul 2017
Non-bank lender Homeloans has announced that it will increase upfront and trail commissions on some of its loan...
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Rice Warner taken to task over commission calls
by James Mitchell • 12 Jul 2017
Research firm Rice Warner has been criticised by an industry association for its “significant lack of knowledge” of...
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Major banks’ ‘weakened appetite’ for commercial investments...
by Lucy Dean • 11 Jul 2017
The major banks have lost their appetite for commercial loans following regulatory clampdowns, but that’s the way it...
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Fintech launches ‘instant home loan’ platform
by Lucy Dean • 11 Jul 2017
An Australian fintech has announced the arrival of a “world first” home loan platform that can approve home loans...
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ASIC suppositions ‘dangerous’ and ‘problematic’, says...
by Reporter • 11 Jul 2017
A major aggregator has warned that some of the ASIC remuneration review's findings and proposals are...
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Brokerage trials new lead referral app
by Reporter • 11 Jul 2017
A Western Australia-based brokerage has become one of the first to trial a new lead-referral app, in a bid to enable...
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‘The vanilla client doesn’t exist anymore’
by Lucy Dean • 10 Jul 2017
There’s no such thing as a “vanilla client” these days, which is why brokers need to work harder to strengthen...
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Variable rate demand bounces back
by Staff reporter • 10 Jul 2017
Small variable rate cuts by many of Australia’s lenders have encouraged more borrowers into this type of home loan,...
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Virgin Money hikes IO and high LVR rates
by Lucy Dean • 10 Jul 2017
Virgin Money has introduced rate increases for new high LVR lending and new and existing interest-only lending.
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iSelect eyes $2bn in home loan settlements
by James Mitchell • 10 Jul 2017
The ASX-listed group most known for its health insurance comparison service employs 25 brokers and has been named the...
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‘Delivering value’ the key to a successful social media strategy
by Lucy Dean • 7 Jul 2017
Brokers looking to improve their social media strategy should identify their target demographics and only post content...
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Auswide increases rates for investment loans
by Reporter • 7 Jul 2017
Auswide Bank has announced that it will be raising the reference rates for investment home loans and lines of credit by...
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AFG sets out vision for commission structure changes
by Reporter • 7 Jul 2017
The major aggregator has written to the Treasury revealing its thoughts on how broker commission structures could be...
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‘Change is opportunity’; Why education is the key to success
by Lucy Dean • 7 Jul 2017
A softening investment market presents opportunities for brokers to succeed, as long as they are “ahead of the...
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Major brokerage establishes online broker community
by Reporter • 6 Jul 2017
Aussie Home Loans has launched a new online community for its brokers and franchisees to provide them with...
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Aggregators have ‘duty of care’ to ensure brokers diversify: Vow
by Lucy Dean • 6 Jul 2017
Aggregators have a “duty of care” to make sure their brokers continuously seek education and training to boost...
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Fintechs warn Domain and REA of mortgage ‘challenges’
by Reporter • 6 Jul 2017
Two mortgage fintechs have warned that the REA Group and Domain, as well as customers and brokers, could face...
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Pepper Group in takeover talks
by Reporter • 5 Jul 2017
Pepper Group Limited has confirmed that it has received an indicative non-binding proposal from KKR Credit Advisors...
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‘Greed factor’ controlling banks: FBAA
by Lucy Dean • 5 Jul 2017
The “greed factor” at Australian banks has led to market instability and a delay in deciding if the official cash...
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Heritage Bank centralises broker loan processing to Queensland
by Reporter • 5 Jul 2017
Australia’s largest customer-owned bank will close its processing offices in NSW and Victoria at the end of this...
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Broker calls for crackdown on ‘out of control’ rate hikes
by James Mitchell • 5 Jul 2017
A Sydney broker and financial literacy advocate has called on the federal government and ACCC to take action against...
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ING DIRECT follows peers with mortgage repricing
by Staff reporter • 4 Jul 2017
Effective Friday, 7 July, the challenger bank is making a number of changes to variable rates across its home loan...
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