If lenders opt to pay lower commissions, one major franchise could be heavily impacted due to its remuneration model
The major lender has chosen to once more accept refinancing applications for P&I loans following APRA’s tighter IO guidelines
The non-bank’s third transaction in the past 12 months correlates with a growing market presence for the firm
The second tier bank wants to become the intermediated bank of choice with brokers and financial advisers
As property prices continue to rise and lenders fight for market share, borrowers are increasingly opting for loans with terms of up to 40 years – and brokers are being warned to be cautious.
ASIC has called for harsher penalties in the financial services sector to help remove ‘bad apples’ from the industry.
As brokers complain of unfair age-based policies by lenders , a recent decision should give clarity around lending to older borrowers.
A major bank has slashed its two- and three-year fixed-rate loans.
The broker industry has undergone a raft of changes in the last five years, and brokers and banks need to work together to ensure customers receive the best possible service, says NAB head of broker distribution Steve Kane.
A top NAB exec has taken a swipe at the bank's competitors for “aggressive” tactics designed to gain market share.