Moneytech's new product to make waves – here's why
WEBMoneytech’s strategic benefit. McGrath believes the new low-doc assessment product, catering to loans up to $2 million, will gain popularity due to increasingly stringent lending conditions at mainstream banks, driving business towards non-banks. Another distinctive advantage, possibly unique to Moneytech, is its existing range of services ...
Mortgage News for Industry Professionals | Australian Broker News
WEBAustralian mortgage news, featuring new lender products, developments in alt lenders, and all the news Australian mortgage brokers and finance experts need.
Unveiled: Sydney suburbs set for growth - Broker News
WEBThe report categorised Sydney’s suburbs into five quintiles – from Heartland Sydney, Suburban Sydney, Rising Sydney, Professional Sydney, and Affluent Sydney – based on median asking prices, then selected the top five growth prospects in each category. Criteria include asking prices, market days, inventory levels, and sales volumes ...
Latest Mortgage Brokers Industry News | Australian Broker News
WEBMelbourne Cup Day rate cut likely. From rate changes to lender shakeups, the mortgage broker industry is constantly changing. Get the latest updates here.
Assetline Capital partners with FAST | Australian Broker News
WEBSpecialist non-bank lender Assetline Capital has joined FAST ’s lending panel, providing brokers with quick turnarounds for SME property-backed deals. FAST, a leading commercial and business-lending broker network within the Loan Market Group, sees value in Assetline Capital’s proven track record in funding property-backed transactions.
Industry applauds decision to drop review of broker commissions
WEBMar 22, 2022 Share. Brokers and others working in loan finance have welcomed the news that a government review of broker trail commissions has been dropped. Federal Assistant Treasurer and Minister for Housing Michael Sukkar announced late on Friday that the 2022 review of mortgage broker remuneration, which was to be conducted by the ACCC and ...
Resimac's near prime opportunities for brokers in 2024
WEBAt the time of writing, 5,020 companies have collapsed so far in the 2023-2024 financial year, setting a trajectory for more than 10,000 by July — a figure that would eclipse the 2022-2023 total of 7,942, according to Smart Company. A report by insolvency specialist firm Jirsch Sutherland showing many businesses could get pushed to the edge.
SMSF lending growing in popularity | Australian Broker News
WEBHall said lenders liked this offering. “Lenders are starting to offer 70% to 80% LVRs on commercial purchases over 30-year loan terms (traditionally 15 years), which means the clients repayment terms are reduced due to the 30-year offering – similar to a home loan,” he said. “There are also a host of clients who have legacy SMSF loans ...
Brokers on notice in interest-only crackdown | Australian Broker …
WEBJan 15, 2016 Share. After a comprehensive review into the credit practices of lenders providing interest-only mortgages – which found that banks have been “falling short” of their responsible lending obligations – corporate regulator ASIC revealed plans to undertake a review of mortgage brokers in regards to interest-only lending.
Mortgage industry reacts to rising broker inactivity
WEBOver 3,400 Australian mortgage brokers did not settle a loan between October 2022 and March 2023, according to the MFAA Industry Intelligence Service (IIS) 16th edition report. This inactivity rate nearly doubled compared to the previous six months and marked the first significant increase in inactive brokers ever observed.
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