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Breaking News
Research shows more rate hikes will tip borrowers over the edge
by James Mitchell • 26 Apr 2017
New research has revealed that it would take less than a $100 rise in monthly repayments before the majority of Aussie...
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Brokers weigh in on super as housing affordability solution
by Francesca Krakue • 26 Apr 2017
A question posed on a community platform has led to a lively discussion about whether first home buyers should be...
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Westpac hikes interest-only rates
by Francesca Krakue • 24 Apr 2017
Westpac has today announced it will be increasing rates on its interest-only fixed rate loans by up to 30 basis...
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Sedgwick review accused of supporting ‘cartel behaviour’
by James Mitchell • 24 Apr 2017
A Melbourne-based broker and former CBA employee believes the ABA-commissioned Sedgwick review is looking to "support...
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Brokers to benefit from APRA crackdown: Kolenda
by James Mitchell • 24 Apr 2017
Increased measures from the banking regulator to drive investors out of the property market represent a huge...
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New trail book marketplace launches
by Reporter • 24 Apr 2017
A new website has launched for finance professionals, including mortgage brokers, that are looking to buy or sell...
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Big four bank lifts fixed interest rates
by Reporter • 24 Apr 2017
A major bank has announced that it has raised fixed interest rates on investor and interest-only home loans in a bid...
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MFAA boss rejects Sedgwick review, slams commission reforms
by James Mitchell • 21 Apr 2017
The association has warned that Sedgwick’s recommendations will give the banks “complete oversight” of brokers,...
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Commissions to change despite no evidence of poor outcomes
by James Mitchell • 21 Apr 2017
A mortgage industry veteran has highlighted that both the ASIC and Sedgwick reviews — the latter of which has...
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ACL holders likely to be required to report breaches
by Francesca Krakue • 21 Apr 2017
Under proposed changes by Treasury, Australian Credit Licence holders could soon be subject to mandatory breach...
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Cairns broker reaping rewards of financial planning
by Francesca Krakue • 21 Apr 2017
A regional broker has seen significant benefits as a result of his investment in an ongoing partnership with a...
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Major banks to change broker commissions
by James Mitchell • 20 Apr 2017
Australia’s big four banks will make significant changes to the way mortgage brokers are remunerated after they...
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Rate hikes hit investor, refi volumes for major group
by James Mitchell • 20 Apr 2017
One of Australia’s largest mortgage broking groups has seen a slide in investor and refinance deals over the March...
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Broker numbers ‘may be reaching saturation point’
by Reporter • 19 Apr 2017
There is a “disconnect” between growth in the number of brokers in the market and the amount of new loans being...
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PLAN CEO shares top tips on broker success
by Francesca Krakue • 19 Apr 2017
The new CEO of PLAN Australia shares her enthusiasm for the role and key advice on succeeding in the mortgage broking...
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Free aggregation platform launches
by Reporter • 19 Apr 2017
One of Australia’s largest loan processing groups has launched a new, zero-aggregation-fee platform that aims to help...
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Young guns carve out niche with new brokerage
by James Mitchell • 19 Apr 2017
Two Sydney mortgage brokers have managed to put their university education to use by targeting a particular type of...
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Average broker home loan portfolio is $38m, finds MFAA
by Reporter • 18 Apr 2017
The national average value of a broker’s home loan portfolio is around $38 million, new research from the Mortgage...
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Wealth firm launches new home loans subsidiary
by staff reporter • 18 Apr 2017
Wealth management firm Stanford Brown has merged one of its divisions with a Sydney-based mortgage broking firm to...
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Tasmania mortgage demand outstrips NSW and Victoria
by Francesca Krakue • 18 Apr 2017
The annual rate of growth in mortgage applications was +4.3 per cent year-on-year for the March quarter with the...
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Brokerage hires broker and financial adviser Shane Marini
by Richard van der Draay • 18 Apr 2017
Regional mortgage brokerage firm Mint Equity has announced that it has expanded its team by hiring mortgage broker and...
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FBAA: ASIC peer review panel ‘a great idea’
by Reporter • 13 Apr 2017
The executive director of the Finance Brokers Association of Australia has welcomed the consultation on ASIC’s...
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Aggregator to launch new council
by Reporter • 13 Apr 2017
The winner of the 2016 Australian Broking Awards’ Training and Education of the Year category, PLAN Australia, has...
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Mortgage broker sentenced for fraud
by Reporter • 13 Apr 2017
The former GM of a mortgage manager, Beth Ngoc Stolyar (nee Nguyen), has been found guilty of mortgage fraud at...
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Major bank increases investor rates
by staff reporter • 13 Apr 2017
A big four bank has increased its fixed home loan rates for new residential investor borrowers.
READ MORE
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