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
Second-tier banks have refuted claims from brokers that there is a lack of flexibility and product innovation amongst the non-majors.
Two more lenders have joined the recent bevy of rate cuts, upping the anti in the fight for market share.
ASIC has been busy over the past six months cracking down on those in the financial services industry - and brokers have been in the spotlight.
Consumer financial stress is forecast to rise during 2014 to its highest level in more than a year as the finance industry prepares for upcoming positive credit reporting changes.
Pre-budget submissions have called on the government to tackle low levels of first home buyers and soaring house prices.
A major bank has followed its launch of commission changes with announcements of rate cuts and a new broker referral program