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No ‘smoking gun’ in broking industry, says Deloitte

by James Mitchell • 17 May 2017
A Deloitte partner has highlighted the positive outcomes of the ASIC and Sedgwick reviews into broker remuneration and... READ MORE

Brokers losing lucrative deals in hot market
by James Mitchell • 17 May 2017
Mortgage brokers who focus solely on prime mortgages and investor lending are missing a major opportunity and could be... READ MORE

Home loan demand eases
by Francesca Krakue • 17 May 2017
New data from the ABS has revealed demand for home loans dropped for the second consecutive month during March. READ MORE
stethoscope broker tapping medico finance market

Discover the untapped market of medico finance
by Francesca Krakue • 17 May 2017
A successful broker shares the significant benefits of tapping into the lesser-known medico finance market and tips on... READ MORE

Negative gearing changes won’t deter investors, says broker
by Francesca Krakue • 16 May 2017
A successful mortgage broker says the changes to negative gearing announced in the federal budget are a “very minor... READ MORE

Bank launches AI ‘home loan assistant’
by Reporter • 16 May 2017
A new chatbot has been launched by UBank to help answer customers’ home loan questions, in what is being billed as... READ MORE

‘Order taker’ brokers unlikely to survive
by James Mitchell • 16 May 2017
Part-time brokers and those writing small volumes simply “won’t cut it” in the coming years as competitive... READ MORE

Aggregator sees 10% growth in female memberships
by Reporter • 16 May 2017
A major aggregator has revealed that its female membership has grown by almost 10 per cent in the past year. READ MORE

First bank to move will have ‘hell to pay’
by James Mitchell • 15 May 2017
The head of a major aggregator says the big banks have plenty of ways to absorb the government’s $6.2 billion levy... READ MORE

Pepper reveals details of upcoming roadshow
by Staff reporter • 15 May 2017
Brokers will be given access to Pepper’s head of credit and be the first to experience the company’s new digital... READ MORE

Aggregator identifies opportunity in budget changes
by Staff reporter • 15 May 2017
A boutique aggregator has partnered with a tax depreciation specialist to capitalise on measures announced in the 2017... READ MORE

National brokerage announces fintech partnership
by Staff reporter • 15 May 2017
A national mortgage broking franchise has harnessed the technology of local fintech Proviso to streamline the flow of... READ MORE

Investor loans to be ‘hardest hit’ by mortgage repricing
by James Mitchell • 12 May 2017
Mortgages will bear the brunt of the federal government’s new big bank tax, according to one analyst, who believes... READ MORE

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