• 29/03/2024

Author: Accredited Broker

Accredited Broker

Labor rejects royal commission via mortgage broker backflip

Labor rejects royal commission via mortgage broker backflip

Christopher Joye| Australian Financial Review| 22 February 2019 https://www.afr.com/personal-finance/banking/labor-rejects-royal-commission-via-mortgage-broker-backflip-20190222-h1bkzj?fbclid=IwAR1A7I8Hdf-hMrm_20dXN6ONb9LaFaDe_DLCd53WILyaj8nukz9Go78B-5E Labor has made an important policy backflip on mortgage brokers that has resulted in it formally rejecting one of the royal commission’s most significant recommendations, which…

Labor proposes fixed-rate commission for mortgage brokers

Labor proposes fixed-rate commission for mortgage brokers

Amy Remeikis| The Guardian| 22 February 2019 https://www.theguardian.com/australia-news/2019/feb/22/labor-proposes-fixed-rate-commission-for-mortgage-brokers?fbclid=IwAR3vBnEVU1qAuaoysKM8ivuhkWx2YR_T5kP8sUCF0dPjZ1SJeT8gd2J-3qA Labor has backed away from the royal commission’s recommendation of user-pays fees for service for mortgage brokers. Labor has proposed a fixed-rate commission for mortgage brokers rather…

Interest rates not the real barrier to rebooting of property market

Interest rates not the real barrier to rebooting of property market

Ingrid Fuary-Wagner| Australian Financial Review| 8 February 2019 https://www.afr.com/real-estate/interest-rates-not-the-real-barrier-to-rebooting-of-property-market-20190207-h1ayrq A possible cut to interest rates this year will boost buyer confidence but there’s still a major roadblock preventing a sudden turnaround in the property market.…

Aussie’s James Symond says Hayne change will destroy mortgage competition

Aussie’s James Symond says Hayne change will destroy mortgage competition

James Eyers| Australian Financial Review| 15 February 2019 https://www.afr.com/business/banking-and-finance/aussies-james-symond-says-hayne-change-will-destroy-mortgage-competition-20190215-h1bang The elimination of mortgage broking trailing commissions will halve the average annual income of a broker to $40,000, triggering an exodus from the industry and choking…

Morrison backs brokers despite warning from banking royal commission

Shane Wright & Clancy Yeates| Australian Financial Review| 11 February 2019 https://www.smh.com.au/politics/federal/morrison-backs-brokers-despite-warning-from-banking-royal-commission-20190211-p50wzv.html?fbclid=IwAR0tLu7eaQNlNrPuyQ-UnAWDDPD077cybyd1B7TrHHb-8SOYBDGvKbFVfME Scott Morrison has backed the mortgage broking industry in the face of demands from the banking royal commission for major changes to how…

‘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…

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…

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…

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…

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…

Accredited Broker