Powered by MOMENTUM MEDIA
Mortgage business logo

Aggregator

New bank formed after RADI granted

APRA has granted a licence to a neo-lender to operate as a restricted authorised deposit-taking institution.

New bank formed after RADI granted
REA Group profits rise amid strong resi market

The Mortgage Choice-Smartline parent company has reported an 18 per cent increase in net profit, driven by a “strong residential market recovery”.

REA Group profits rise amid strong resi market
Finsure records 22% rise in brokers

Aggregator Finsure has grown its mortgage broker force by around a fifth in the 2021 financial year, as parent company BNK managed to increase its loan book by almost a quarter.

Finsure records 22% rise in brokers
Former CBA exec launches brokerage

True Savings, a new online brokerage headed by former CBA executive Pete Steel, has entered the Australian mortgage market.

Former CBA exec launches brokerage
Credit industry faces higher ASIC levies

Banks, mortgage brokers and lenders could receive sizeably larger bills for ASIC’s industry levies come January 2022.

Credit industry faces higher ASIC levies
DAIDEC launches AI home loan processing tool

Aussie fintech DAIDEC Analytics has rolled out a predictive analytics tool for brokers, which assesses and rates home loan applications.

DAIDEC launches AI home loan processing tool
PEXA travelling towards $3.3bn float in June

The parent company of PEXA has confirmed that the property settlements platform is expected to list on the ASX in late June, after turning down suitors in favour of a $3.3 billion IPO.

PEXA travelling towards $3.3bn float in June
BNK projects 42% profit rise

The listed bank has forecast a full-year net profit in the range of $6.7 million to $7 million, a rise of up to 42 per cent on the year before.

BNK projects 42% profit rise
AFG Securities upsizes RMBS transaction

AFG Securities has priced an upsized $750-million residential mortgage-backed securities issue.

AFG Securities upsizes RMBS transaction
LATEST PODCAST: Aggregation group changes

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Aggregation group changes
brokerpulse logo

 

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph