The credit representative was previously banned permanently after breaching his agreement as a referrer
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
A non-major lender is now offering loans up to 85% LVR without LMI
Australia is amidst a severe property bubble and it can’t be ignored, warns Lindsay David, the author of Australia: Boom to Bust. But not everyone is worried.
Despite some concerns over the cash rate remaining at its record low, the Reserve Bank is predicted to keep the official cash rate on hold at 2.5% at its board meeting on Tuesday
Brokers demand greater scrutiny be applied to branch managers and their lending activities, after many experience dubious lending practices by the banks
The credit repair industry has fired back over a COSL release threatening to stop dealing with them
As the deadline for second round submissions to the Financial Services Inquiry closed this week, small banks bound together in their fight for a “level playing field” in the mortgage lending market.