A leading analyst has said a “blow-out” in commissions is adding 16 basis points per year to every Australian’s mortgage
Two non-majors have introduced new rate changes that will affect principal & interest, interest only and investment products
The tool supplies real-time application updates, enhanced document management and greater levels of broker support
The second tier bank has presented a stronger upsurge in its mortgage portfolio after reporting relatively flat results last financial year
Following a Melbourne broker’s ban for failing to verify documents, lenders and aggregators have been called on to help brokers meet ASIC requirements.
Multiple brands, misleading advertising and clawback provisions are stifling competition in the industry and causing confusion amongst consumers, says the former CEO of a broker association.
ASIC chairman Greg Medcraft is meeting with industry groups to spruik the idea of a business levy to help fund the regulator.
The RBA looks set to keep interest rates at record lows for the foreseeable future following minutes from its most recent board meeting.
The first public hearing of the Senate Inquiry into the performance of ASIC will take place in Sydney today.
Proposed changes to strata laws have been delayed after the NSW Government acknowledged the need for further consultation with stakeholders in order to get the new legislation right.