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
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.
The mortgage processing crisis currently crippling brokers appears to be getting worse after a RAMS BDM revealed they are a full month behind on assessing deals.
St George Bank has sent out a lucid message to brokers - the future of trail payments is in their hands.