Following a Melbourne broker’s ban for failing to verify documents, lenders and aggregators have been called on to help brokers meet ASIC requirements.
Tight lending criteria and soaring house prices have left first home buyers with no choice but to save up hefty deposits – and CBA is reaping the benefits.
A major bank has recorded half-year profits of over $4.27bn, while rebuking claims the bank receives an unfair advantage.
While brokers call on lenders and aggregators to allow trail portability, one aggregator has defended the lenders’ stance.
The MFAA has announced a record line-up of 59 finalists for its 2014 MFAA National Excellence Awards.
Overall business confidence saw a sharp increase in the last quarter, while businesses in finance and insurance remain wary.