Breaking News

Westpac

Westpac: Tying broker commissions to LVR could impact FHBs
by Reporter • 1 Sep 2017
The major bank has revealed some of the difficulties in implementing ASIC’s suggestions for ‘enhancing’ the... READ MORE
Technology

Brokerage head questions big data, AI and robo-advice
by Reporter • 1 Sep 2017
The managing director of MoneyQuest has questioned whether big data, algorithms, robo-advice and artificial... READ MORE
Technology

Big four bank launches 'industry-first' broker hubs
by Reporter • 31 Aug 2017
The Westpac group has launched “industry-first” platforms for brokers that provide “educational and... READ MORE
Percentage

Brokers source 70% of foreign banks’ loans
by Lucy Dean • 31 Aug 2017
Broker-originated loans made 70 per cent of all new residential loans at foreign banks in the June 2017 quarter, up by... READ MORE
Competition

Brokers providing ‘competition’, says O’Dwyer
by Reporter • 31 Aug 2017
The Minister for Revenue and Financial Services has highlighted that brokers are providing competition, which is... READ MORE
yellow brick road obligation promote education profit raising hands

‘It’s time’ to take the lead on education: YBR
by Lucy Dean • 31 Aug 2017
Aggregators and brand owners have a “bigger obligation today” to promote education, Yellow Brick Road has said... READ MORE
Heritage Bank

Customer-owned bank posts 10% pre-tax profit growth
by Julianne Leybag • 30 Aug 2017
For the 2016/17 financial year, Heritage Bank has recorded $56.31 million in pre-tax profit, a 10 per cent growth on... READ MORE
Low

Low interest rates to remain ‘for years to come’
by Reporter • 30 Aug 2017
Australia will continue to have “low interest rates” for “years to come”, the founder of Aussie Home Loans has... READ MORE
John Symond

Aussie chairman sells stake for $164m of CBA shares
by Reporter • 30 Aug 2017
The chairman and founder of Aussie Home Loans has received 2.1 million of Commonwealth Bank shares — worth nearly... READ MORE
blind

Loan Market challenges borrowers’ ‘blind loyalty’ to banks
by Lucy Dean • 30 Aug 2017
Rural customers often have “blind loyalty” to one lender, so brokers need to “keep the banks honest”, Loan... READ MORE

‘Limited’ recourse for borrowers once mortgage discharged
by Lucy Dean • 29 Aug 2017
Borrowers have limited rights against a lender once their mortgage has been discharged, the Supreme Court of New South... READ MORE
Strengthen communication

Market ‘noise’ pushes non-major to strengthen communication
by Lucy Dean • 29 Aug 2017
A non-major lender has said that noise in the distribution space is pushing them to focus on stronger communication... READ MORE
Commonwealth Bank, Ian Narev

CBA CEO apologises to brokers
by Reporter • 29 Aug 2017
Ian Narev, the outgoing chief executive officer of the Commonwealth Bank, has apologised to brokers for some of the... READ MORE
Rise, upward

New originations rise by 17% at Pepper
by Reporter • 28 Aug 2017
Specialist lender Pepper has reported that, as it continues to focus on brokers, its Australian mortgage business saw... READ MORE
Dollar

‘Overwhelming shift’ in consumers wanting alternatives: Homeloans
by Lucy Dean • 28 Aug 2017
Both consumers and brokers are increasingly looking to alternative lenders for finance as price differentiation and... READ MORE
Faces, emotions

Brokers ‘have to show’ emotional IQ: ALIC
by Lucy Dean • 28 Aug 2017
For brokers to win business and build successful relationships, they need to be able to show their emotional IQ. READ MORE
ING Direct Bank

ING reveals plans for 'key' broker channel
by Reporter • 28 Aug 2017
The challenger bank has laid out its thoughts and plans for the broker channel at its ING broker roadshow. READ MORE
Whistle

Broker calls for whistle-blower protections
by Lucy Dean • 28 Aug 2017
Whistle-blower protections for brokers who reveal bank indiscretions are essential for “self-survival”, a... READ MORE
Technology

Technology ‘essential’ driver of growth
by Lucy Dean • 25 Aug 2017
Brokers and aggregators have called for a greater uptake of technology in the sector, arguing that those who aren’t... READ MORE
AFG

‘No wonder’ broker share at 53%: AFG
by Lucy Dean • 25 Aug 2017
A major aggregator has said that it is “no wonder” that brokers’ share of the home loan market is now 53 per... READ MORE
Higher commissions

Major brokerage negotiates higher commissions

by James Mitchell • 25 Aug 2017
One of Australia’s largest brokerages has reset its commercial terms with the banks as its CEO believes strong... READ MORE
CBA

CBA hungry for broker business
by James Mitchell • 25 Aug 2017
Australia’s biggest bank could be making an aggressive play to win broker business after losing a significant amount... READ MORE
Property and coins

Opinion: Our perverse fascination with property

by James Mitchell • 25 Aug 2017
Obsession does funny things to people. Risks fade away, become inconsequential, as the obsession narrows in on an... READ MORE
Magnifying glass, scrutinise

ASIC to scrutinise broker mortgages
by Lucy Dean • 24 Aug 2017
The corporate watchdog has revealed that it will be paying “particular attention” to broker-introduced mortgages... READ MORE
Risk, disadvantage

Lenders ‘intentionally disadvantaging borrowers’: FBAA
by Lucy Dean • 24 Aug 2017
By requiring brokers to meet volume targets in order to retain accreditation, lenders are disadvantaging borrowers and... READ MORE