Breaking news

  • GMAC records big quarterly loss by BN

    US-based mortgage lender GMAC Financial Services has recorded a pre-tax loss of US$2bn (A$2.38bn) in its mortgage business in the second quarter of 2009.

  • RBA leaves cash rate unchanged by BN

    For the fourth consecutive month the RBA has left the headline cash rate at 3%.

  • Westpac follows NAB on bank fees by BN

    In a move rivalling NAB's cuts to bank fees, Westpac has announced it will be slashing exception fees across credit cards, personal accounts and business accounts.

  • finconnect boss slams fast-track planner courses by BN

    Tanya Sale, general manager of aggregator finconnect, has slammed training providers that offer quick-fire financial planning conversion courses for brokers

  • ALCo hooks customers with website by BN

    National mortgage and finance aggregator Australian Loan Company is using its new website to lure potential customers to its network of advisors.

  • Cert. IV minimum requirement: ASIC by BN

    Mortgage brokers will be required to have at least a Certificate IV education and be able to demonstrate two years of relevant experience, under ASIC's policy proposal.