The Minister for Small Business has heaped praise on the broking community at a recent industry association event
The lender has also significantly grown its Australian third party channel with over 2,500 brokers now writing loans for the firm
The initiative aims to reduce high levels of attrition by individuals just starting out in the mortgage broking space
The global ratings agency has issued a credit negative rating to Australian RMBS thanks to skyrocketing house prices
The RBA has not closed the door on further rate cuts, according to the minutes of its Monetary Policy Meeting held on the 2 June, and released today
First home buyers have provided the first green shoots of housing market recovery, but it will be investors that carry the torch in the coming year, predicts BIS Shrapnel.
Non-bank lenders and second tier banks are being given a leg up by Mortgage Choice with the franchise group urging its network to consider alternatives to the major banks.
The fall-out from the federal budget and the RBA's decision to leave rates on hold has seen consumer confidence fall in May.
Pointing once again to the strength of the local banking sector, the governor of the RBA, Glenn Stevens, said Australia was "well placed" for a recovery from the current turmoil.
Following the introduction of its new mandatory accreditation requirements, Westpac has entered into discussions to set a broker "re-accreditation fee".