With regulatory change almost inevitable following multiple industry reviews, the aggregator has said it will stand by its members
The announced changes only affect owner occupier loans that are greater than $200,000
The personal loan provider has signed up several brokers with the goal being to bring in 40% of its acquisitions via the third party channel
The newly released data also reveals that the percentage of mortgage holders has also decreased since the last census was taken
As part of the proposed new National Consumer Credit Protection Bill released today, brokers will have to register with ASIC before the end of the year and all will need to be licensed by 30 June next year.
CBA's top mortgage boss told Australian Broker about her days as a taxi driver and a few things more...
Yesterday the prime minister indicated the boosted first home owners grant would not be extended beyond the 30 June. Today, reports in the Daily Telegraph and Herald Sun suggested it would be extended when the Budget is announced on 12 May.
Westpac has cut its maximum LVR for new borrowers who are not already a client of the bank.
The disciplinary rules which allow the MFAA to suspend and expel members for misconduct have received the backing of the government's competition watchdog
Australia could be headed towards a US-style crisis due to the Prime Minister's "unemployment bail out plan", says managing director of Wilson National, Geoff Wilson.