The major bank has said current trail and upfront structures are fair to brokers although some added transparency is required
The Khoury review has said banks should be obliged to let credit applicants check all information submitted prior to signing
The proposal would see banks waive the traditional mortgage deposit for first home buyers with a strong rental history
The affordability of Canberra and surrounds means it is highly attractive to SMSF buyers
The MFAA has told an inquiry into ASIC’s performance there is no evidence assertions of “systematic falsifications of details in loan applications” from brokers are true.
A non-bank lender has appointed two new BDMs in Sydney and Adelaide.
The president of an industry body says the recent slew of broker bans brought out by ASIC is not a reflection on members, despite past media hype sullying the industry’s name.
The majors have slammed claims older borrowers are being unfairly denied credit, claiming policies are in place to protect borrowers.
While many brokers are still confused about where the upcoming privacy law changes will leave them, one expert has claimed the changes are a lot of fuss about nothing.
A non-major has announced a further new appointment, the latest in a string of such announcements following major restructuring.