News
Big banks, tax office work up register of bad mortgage brokers
4+ hour, 42+ min ago (95+ words) AFR The country's biggest lenders and tax authorities are working on a register to record the names of mortgage brokers engaging in dodgy behaviour as the banking industry ramps up efforts to stamp out swelling levels of fraudulent home loan…...
Mortgage brokers brace for slowing property market and weaker profits after capital gains tax, negative gearing changes
1+ mon, 6+ day ago (124+ words) Strap in: Mortgage brokers brace for slowing property market AFR Mortgage brokers have joined a growing chorus of small and big businesses in opposing Labors changes to the capital gains tax, saying the federal budget will curtail their ability to…...
Mortgage fraud worries balloon to $3b as banks remark their homework
2+ mon, 2+ week ago (185+ words) AFR The higher potential exposures indicate deep and ingrained issues within the home loan market, and the time for a concerted industry response is now. The detailed mortgage fraud and loan irregularity reviews being conducted by banks across the sector…...
New private lender Broker Capital hangs out its shingle after raise
7+ mon, 1+ week ago (176+ words) The Sydney-based start-up will lend to mortgage brokers, who need cash for personal or businesses needs and have a decent book of trailing commissions. Gift 5 articles to anyone you choose each month when you subscribe. Australia's booming private credit sector…...
The big four banks are fighting back against mortgage brokers
8+ mon, 1+ week ago (189+ words) The major lenders, in many respects, brought this problem upon themselves by neglecting customer relationships and the importance of their distribution channels. Gift 5 articles to anyone you choose each month when you subscribe. The nation's largest lenders are waging a…...
Mortgage brokers" growing power puts big banks on notice
11+ mon, 2+ week ago (241+ words) Gift 5 articles to anyone you choose each month when you subscribe. Last month, 15, 000 mortgage brokers received an email from their industry association reminding them of the growing power they hold. .. Gift 5 articles to anyone you choose each month when you…...