The tool will be compulsory for brokers and will ensure clients fully understand the financial effects of interest only repayments
The purchase of the small-ticket asset-backed finance firm will see the company change hands for the first time in almost 20 years
The Reserve Bank has acknowledged the broking community for boosting competition, transparency and consumer outcomes
The industry association has slammed the point of sale vendor introducer exemption as “bad public and competition policy”
Second-tier lenders lost much of the market share they gained in late 2013 as the big four took advantage of record January mortgage figures.
The reserve bank's decision to leave the official cash rate on hold this month has come as no surprise to economists.
Tax fraud scams involving the sale and re-mortgaging of property without the owners’ consent are on the rise in Australia, and brokers have been warned to stay alert.
A leading mortgage broker has hired a bank's former high-profile third-party head as general manager
The MFAA has expelled a Sydney broker for submitting fraudulent documents to a lender.
A major mortgage franchise has called on the government to introduce a raft of changes incorporating ASIC’s mandate, financial literacy and home loan advertisements, in order to improve the country’s financial system.