Articles

Miklos Bolza| Australian Broker| 14 December 2017 https://www.brokernews.com.au/news/breaking-news/major-bank-unveils-new-accreditation-standards-244893.aspx Commonwealth Bank of Australia (CBA) has unveiled a new broker model which includes stricter accreditation standards that aim to promote greater broker knowledge and positive consumer outcomes. From 2018, new mortgage brokers will be required to meet enhanced education requirements in order to write CBA loans. The […]

MFAA| 19 November 2017 https://www.mfaa.com.au/news/broker-market-share-rises-to-a-record-55.7-percent-in-september-quarter Australian finance brokers settled 55.7% of all residential mortgages during the September 2017 quarter, up from 53.6% in the same quarter last year, the latest industry data reveals. Mortgage and Finance Association of Australia (MFAA) CEO Mike Felton said this represented a record $51.77 billion worth of residential home loans […]

James Malbon| The Conversation| 3 November 2017 https://theconversation.com/forcing-the-banks-to-hand-over-our-credit-history-might-help-with-a-home-loan-but-it-has-risks-86757 The federal government will be forcing banks to hand over half their credit data ready for reporting by mid-2018 (with the remainder available in 2019). It seems rather quaint in the age of big data that the big four banks have been able to hold onto their […]

Annie Kane| The Adviser| 25 October 2017 https://www.theadviser.com.au/breaking-news/36930-consumers-don-t-want-to-pay-fees-to-brokers-says-banking-head Suncorp Bank’s CEO of banking and wealth has said that he does not believe that customers would want to pay fees to get mortgage broking advice, adding that he thinks broker commissions will therefore just be “tidied up at the edges”. David Carter, chief executive officer for […]

Stephen Koukoulas| Yahoo7| 16 October 2017 https://au.finance.yahoo.com/news/1897318-045821149.html?soc_src=social-sh&soc_trk=ma Australia’s banking sector is in peak health and the household sector is having few if any problems managing its debt. This is the good news from the Reserve Bank of Australia Financial Stability Report which effectively put the kybosh on the fear-mongers who continue to forecast a crisis […]

Jessica Irvine| Sydney Morning Herald| 14 October 2017 http://www.smh.com.au/business/the-economy/interest-rate-rises-are-coming-but-not-like-before-20171013-gz08hy.html What is the right level for interest rates? It’s hard to think of a more important question for the economy. Households want to know how much they can borrow and service. Banks want to know how much they can lend to people. Policy makers, particularly the […]