• May 21, 2020

Author: Accredited Broker

Accredited Broker

‘Right to be cautious’: Philip Lowe, Matt Comyn back a role for mortgage brokers

James Eyers| Australian Financial Review| 6 February 2019 https://www.afr.com/business/banking-and-finance/right-to-be-cautious-philip-lowe-matt-comyn-back-a-role-for-mortgage-brokers Reserve Bank governor Philip Lowe has backed Treasurer Josh Frydenberg’s cautious approach towards the royal commission’s call for bank-paid mortgage broker commissions to be replaced with…

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Tick of Approval for Mortgage Broking

In a matter of weeks, the broking industry has gone from being on life support to having a major tick of approval from whichever party could form Government at the forthcoming federal election. After some…

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Non-bank firms are now big players in America’s mortgage market

The Economist| 29 November 2018 TWICE IN THE past 30 years, housing finance has taken down America’s economy. As interest rates rise and the housing market stutters (see article), regulators are again pondering the risks…

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Reserve Bank leaves interest rates on hold at 1.5pc, many analysts don’t expect a rise until 2020

Reserve Bank leaves interest rates on hold at 1.5pc, many analysts don’t expect a rise until 2020

Michael Janda| ABC Online| 4 December 2018 The Reserve Bank has left official interest rates on hold at a record low 1.5 per cent for the 26th consecutive RBA board meeting. Key points: Interest rates…

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Government to provide more funds for prosecuting bank crime

Michelle Grattan| The Conversation| 16 November 2018 The government has announced an extra $51.5 million to boost resources for the prosecution of criminal misconduct by banks and other financial institutions and the processing of civil…

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We’ll wait an eternity for the banks to fix themselves. Here’s what we can do now

Paul Johnson| The Conversation| 27 November 2018 Asked at the banking royal commission how long it might take to embed the right culture in the National Australia Bank, its chairman Ken Henry replied: ten years.…

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Good luck forecasting house prices, but one worm has turned

Michael Pascoe| The New Daily| 4 December 2018 there’s no praise or notice for saying what “everybody else” is saying. This leads to the outlier forecasts, the predictions above or below the consensus. These are the…

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Revealed: The Regional Boomtowns Where Home Prices Are Soaring

Isabelle Lane| The New Daily| 28 November 2018 As the property downturn deepens in Sydney and Melbourne, investors are turning their attention to once-ignored regional markets, with one town standing out among the pack of top performers. No…

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Property price falls trigger buyer’s remorse, but long-term perspective is needed

Isabelle Lane| The New Daily|4 December 2018 A survey of 1500 current and prospective home buyers by home loan lender ME found home owners who bought their properties in the past year were significantly more worried about the…

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Furphies and Shockers from the Royal Commission

The banking Royal Commission has unearthed some horror stories and some furphies. Last month, CBA revealed to the Commission that there are now 1300 brokers earning more than $1 million a year, and the top…

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