The RBA’s decision to leave the cash rate on hold, combined with strong competition from lenders, is good timing for those wanting to refinance or activate a home loan - and for brokers.
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.
Following fixed rate cuts from NAB/Homeside and Westpac, a non-major lender has slashed fixed rates by as much as 40 basis points.
A non-bank lender has appointed two new BDMs in Sydney and Adelaide.
The majors have slammed claims older borrowers are being unfairly denied credit, claiming policies are in place to protect borrowers.
A wholesale aggregator has announced the appointment of two new BDMs in Western Australia and Victoria/Tasmania/South Australia.