Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Inquiry into mortgage pricing to begin next month
by Reporter • 12 May 2017
A year-long inquiry into how the major banks price their mortgage products will begin next month following the... READ MORE
credit and investments ombudsman royal commission banks

Credit ombudsman supports royal commission into banks
by James Mitchell • 12 May 2017
The chief executive of the Credit and Investments Ombudsman has supported calls for a royal commission into the major... READ MORE

ABA finalists 2017 revealed
by Reporter • 12 May 2017
The finalists for the 2017 Australian Broking Awards have been revealed, with more than 70 brokers making the final cut... READ MORE

Loan writer permanently banned

by Reporter • 11 May 2017
ASIC has permanently banned a loan writer in Victoria from engaging in credit activities, after finding that four loans... READ MORE

Major bank levy will affect borrowers, warn CEOs
by Reporter • 11 May 2017
The heads of some of the major banks have warned that it is likely borrowers will be impacted by the new bank levy... READ MORE

FBAA reacts to budget, warns over rates hikes
by James Mitchell • 11 May 2017
The industry association has warned that a new $6.2 billion levy over four years on the top five banks contained in the... READ MORE

Major brokerage boss dismisses fed budget
by James Mitchell • 11 May 2017
The CEO of one of Australia’s largest mortgage groups has described the 2017 federal budget as “ineffective” and... READ MORE

Aussies getting ‘fleeced’ by major banks, says HashChing
by Reporter • 11 May 2017
A recent analysis conducted by the online mortgage marketplace has claimed that borrowers with the big four are paying... READ MORE

Major bank CEO has ‘no issue’ with brokers
by James Mitchell • 10 May 2017
Amid growing concerns about the future of broker remuneration, the chief executive of a major bank has explained how... READ MORE

Why this new-to-industry broker turned away his first deal
by Reporter • 10 May 2017
After purchasing nine investment properties in just six years, Kevin Sum decided to take his knowledge of the mortgage... READ MORE

Big four bank breaks rank on broker channel growth
by Francesca Krakue • 10 May 2017
The lender yesterday announced a profit of $2.6 billion, which it said was driven by “strong proprietary channel... READ MORE

Fixed rate demand surges in April
by Staff reporter • 10 May 2017
Mortgage Choice has reported a significant increase in demand for fixed rate home loans over April as banks continue to... READ MORE

Aggregator has ‘serious concerns’ about commission reforms
by James Mitchell • 9 May 2017
The head of a boutique aggregation group has slammed a number of recommendations made by Stephen Sedgwick on... READ MORE

Consumers go to brokers ‘to find best deal’: KPMG
by Reporter • 9 May 2017
Broker customers are largely drawn to the third-party channel to secure ‘the best deal’ but are most critical of... READ MORE

Non-bank director loses banning appeal
by Reporter • 9 May 2017
The Administrative Appeals Tribunal has affirmed ASIC’s banning of former Provident Capital MD Michael O’Sullivan... READ MORE

Bank increases owner-occupier variable rates

by Reporter • 9 May 2017
Heritage Bank has increased variable interest rates on selected products by 10 basis points as a result of “ongoing... READ MORE

Banks to work with broking industry on commission changes
by James Mitchell • 8 May 2017
The CEO of Australia’s largest brokerage is confident that the banks will consult with the third-party channel before... READ MORE

Former director convicted over illegal SMSF scheme
by Staff reporter • 8 May 2017
A Melbourne man has pleaded guilty to an offence relating to a scheme that facilitated the illegal early release of... READ MORE

ASIC sounds alarm on dodgy debt firms
by Staff reporter • 8 May 2017
ASIC has cracked down on misleading advertising by debt resolution firms, which should serve as a warning to borrowers... READ MORE

Non-major lender unveils new FHB offer
by Francesca Krakue • 8 May 2017
The lender’s new offer will allow first home customers to choose from a standard variable rate or five-year fixed... READ MORE

Broker mortgage volumes rise 10% at big four bank
by Reporter • 5 May 2017
Brokers wrote $92.5 billion of Australian home loans for NAB, new results for the half-year ending 31 March 2017 have... READ MORE

Firstmac party finds new home at FBAA
by James Mitchell • 5 May 2017
The infamous Firstmac afterparty — responsible for many a sore head at industry functions over the years — has... READ MORE

Online mortgage provider adopts Virtual VOI
by Reporter • 5 May 2017
HashChing has announced that it is making e4’s Virtual VOI platform available to all its partner brokers, following a... READ MORE

Property demand falls as lending curbs bite
by Staff reporter • 5 May 2017
The REA Group Property Demand Index dropped by 4.3 per cent nationally in April, as APRA’s cooling measures and major... READ MORE

Third-party veteran questions ‘integrity’ of Sedgwick review
by James Mitchell • 4 May 2017
While confident that ASIC’s review into broker remuneration will be beneficial for the third-party channel, the head... READ MORE