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Expenses

Claims of fudged expenses ‘ludicrous’, says aggregator
by Francesca Krakue & Lucy Dean • 26 May 2017
The CEO of a boutique aggregator has slammed a report that claims expenses are “fudged” by brokers in order to get... READ MORE

Broker sued by aggregator in loan fraud case
by James Mitchell • 26 May 2017
A leading mortgage industry lawyer has warned brokers of the shortcomings of professional indemnity insurance following... READ MORE
Sydney

Millennials and Sydneysiders go for fixed rates
by Staff reporter • 26 May 2017
New research from Gateway Credit Union has found that more than 40 per cent of Australians between the ages of 18 and... READ MORE

Government grants and low rates attracting FHBs

by Staff reporter • 26 May 2017
New research from one of Australia’s biggest brokerages has found that recent changes to various first home buyer... READ MORE

Industry heads speak out on channel conflict

by Reporter • 25 May 2017
The head of a major aggregator and the executive director of an industry association have hit out at reports of channel... READ MORE

SMSF loans facing ‘double whammy’, says broker
by Miranda Brownlee • 25 May 2017
A combination of higher loan-to-value ratios and increased liquidity requirements is making it harder for SMSF... READ MORE
percent red die interest only loans raise westpac

Westpac group hike fixed rates for interest-only loans
by Lucy Dean • 25 May 2017
Rates for interest-only investment loans have been raised by up to 20 basis points across all four of Westpac group’s... READ MORE

Industry bodies join forces against EDR scheme
by Staff reporter • 25 May 2017
A number of membership associations from across the financial services spectrum have combined efforts to oppose the... READ MORE

Major bank branch undercutting broker rates

by Reporter • 24 May 2017
The Adviser has learned that CBA could be actively targeting home loan customers that were introduced by brokers with... READ MORE
broker meeting, online mortgage platform

Brokers to benefit from online mortgage platforms
by James Mitchell • 24 May 2017
New technologies that aim to simplify the home loan process are detrimental to borrowers and will ultimately drive them... READ MORE

Average refinancing settlement reaches 17 days
by Reporter • 24 May 2017
The average time to settle a home loan refinance application is 17 days, new research from an online mortgage... READ MORE

Award-winning broker flags surge in non-bank lending
by Francesca Krakue • 24 May 2017
A successful loan writer has discussed the significant impact on his business of what he sees as a “massive... READ MORE
audit, broker

Aggregators to ‘audit’ and number brokers under ASIC regime
by James Mitchell • 23 May 2017
ASIC’s remuneration review could see lenders and aggregators increase their scrutiny of mortgage brokers, who would... READ MORE

Brokers urged to think beyond the big four as appetite turns
by James Mitchell • 23 May 2017
One of Australia’s leading non-bank lenders has urged brokers to diversify their offering as some of the banks start... READ MORE
home loan

Major brokerage posts record loan approvals

by Staff reporter • 23 May 2017
An ASX-listed broker has seen a lift in approvals off the back of record demand for home loans over the three months... READ MORE
business, brokers, laptop

Business ‘playbook’ released for new brokers
by Reporter • 23 May 2017
A free, 100-day action plan has been released by a national aggregator to help new brokers set up and develop their... READ MORE

Two more car finance players brought to justice
by Reporter • 22 May 2017
A former finance analyst has been convicted for falsifiying car loan applications, while another has been banned from... READ MORE
Major banks change third-party strategy

Major banks change third-party strategy
by James Mitchell • 22 May 2017
Two of Australia’s big four banks have changed their appetite for broker-originated loans in a move that could curb... READ MORE

Aggregator asks regulator to ‘watch’ big banks
by Reporter • 22 May 2017
A major aggregator has asked the financial services regulator to “keep a watchful eye on the big banks” to ensure... READ MORE

Brokers originated ‘record’ $46bn in March quarter
by Reporter • 22 May 2017
Finance brokers originated at least $46 billion in new home loans during the March 2017 quarter, the largest value of... READ MORE

CBA announces fresh lending changes
by Staff Reporter • 22 May 2017
Australia’s largest mortgage provider announced changes to interest-only payments for owner-occupied and investor... READ MORE

Industry denounces ‘ridiculous’ UBS report
by Reporter • 19 May 2017
Broker associations and several members of the industry have slammed a recent UBS report that claimed mortgage brokers... READ MORE

Consultation launches on new EDR scheme
by staff reporter • 19 May 2017
The Treasury has launched a four-week consultation into the new external dispute resolution framework and is asking... READ MORE

Specialising in medico finance a boon for brokers
by Francesca Krakue • 19 May 2017
Several broking professionals have highlighted the value of venturing into the niche market of medico finance. READ MORE

HSBC reveals broker strategy and growth plans
by James Mitchell • 18 May 2017
The global bank’s return to the third-party channel was based on 12 months of due diligence. HSBC’s Alice Del... READ MORE