Rebecca Pike| Australian Broker| 27 October 2018 https://www.brokernews.com.au/news/breaking-news/digital-bank-founder-talks-brokers-256652.aspx A fintech founder with a passion to change the way banking is done, has explained why he will not be disregarding the broker channel in the future.…
Any property buyer can tell you that the lending world has changed. But, changed lending criteria driven by the Australian Prudential Regulation Authority (APRA) is superficial compared to what is about to happen due to…
James Eyers| Australian Financial Review| 28 September 2018 https://www.afr.com/business/banking-and-finance/financial-services/banking-royal-commission-interim-report-business-lending-in-the-clear-20180928-h15zcu Business lending is highly unlikely to face calls for tougher regulation in the final report of the royal commission, after Commissioner Kenneth Hayne suggested the hearings…
John Kehoe| Australian Financial Review| 23 September 2018 https://www.afr.com/news/small-business-blames-real-tightening-in-credit-on-the-banking-royal-commission-20180922-h15qg6 Small business says it is facing a credit crunch and is blaming the royal commission into financial services for causing nervous banks to slow lending to…
Rebecca Pike| Australian Broker| 27 September 2018 https://www.brokernews.com.au/news/breaking-news/bank-withdraws-smsf-lending-255441.aspx The number of banks offering self-managed super fund (SMSF) lending has dropped again as another lender announces it is pulling the product from its offering. AMP has…
The Adviser| 25 September 2018 https://www.theadviser.com.au/breaking-news/38291-86-of-investors-to-secure-next-loan-through-a-broker An increasing number of property investors are looking to secure their next loan through a mortgage broker as they seek alternative finance solutions amid tighter lending policies. According to…
Peter Beaumont| The Adviser| 25 September 2018 https://www.theadviser.com.au/blogs/38294-brokers-should-ready-their-business-for-ccr Brokers are being urged to review important business processes ahead of a new credit reporting framework coming into effect later this week. Comprehensive Credit Reporting (CCR) begins…
Isabelle Lane| The New Daily| 7 August 2018 https://thenewdaily.com.au/money/property/2018/08/07/out-of-cycle-rate-hikes-predicted/ The big four banks are expected to raise mortgage rates despite the Reserve Bank decision to keep the official cash rate steady. The RBA announced on Tuesday the official…
Rod Myer| The New Daily| 27 July 2018 https://thenewdaily.com.au/money/finance-news/2018/07/27/smaller-banks-mortgages/ If you’re in the market for a home mortgage you’re likely to get a better deal from the small banks, according to research from Moodys Investors…
Rebecca Pike| Australian Broker| 20 August 2018 https://www.brokernews.com.au/news/breaking-news/introducing-ccr-lending-behaviour-253836.aspx The head of a credit reporting facility has said brokers will need to be aware of lenders’ new risk appetite, including risk-based pricing, after comprehensive credit reporting…
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