Breaking

Broker market share reaches new heights
5 March 2025

A new report has revealed that brokers are the channel of choice for consumers, more than ever before.

CDR expanded to non-banks
5 March 2025

The Assistant Treasurer has announced that the Consumer Data Right (CDR) system will now include non-bank lending products.

RBA not committed to further rate reductions
5 March 2025

The February minutes have revealed that the board has not guaranteed any more rate reductions in following meetings.

NAB updates LMI waiver policy
5 March 2025

The major has announced changes to its lenders mortgage insurance (LMI) waiver policy. The expansion will allow more borrowers to be approved for this incentive.

Updated Banking Code of Practice adds further protections for consumers
5 March 2025

In a bid to better protect customers, the Australian Banking Association (ABA) has announced an updated Code of Practice. Small businesses, guarantors, and vulnerable customers were key in ...

Vehicle loan originations surge for fintech lender
5 March 2025

Wisr has announced strong performance in its secured vehicle loan product in its latest half-year results.

Broker Daily’s first roundtable a huge success
5 March 2025

The inaugural event got a handful of brokers in the room to chat through what’s happening in the world of commercial and asset finance lending. The first event for the refreshed brand was a ...

Non-banks providing quickest turnaround times for commercial lending
4 March 2025

A recent survey has found that non-bank lenders have drastically cut down turnaround times for commercial mortgages.

Pepper Money's originations hold strong despite economic pressures
4 March 2025

Cost-of-living challenges, slowing demand, and softer market conditions have dampened Pepper Money’s asset finance division; however, mortgage originations remained strong.

Increase in pre-approval applications signals growing borrower optimism
4 March 2025

Pre-approvals have surged in February, signalling growing confidence in the lending market as borrowers prepare for property purchases.

New lender joins Mortgage Choice panel
4 March 2025

Brokers under the aggregator will now have access to another non-bank lender as Mortgage Choice expands its offerings.

Resimac eyes auto finance expansion following acquisition
3 March 2025

The lender has announced the purchase of loan books to facilitate growth.

RedZed appoints new GM of sales and partnerships
3 March 2025

RedZed has announced the appointment of Nathan Taddeo as general manager of sales and strategic partnerships.

Westpac dominating asset finance
3 March 2025

The major has proved to be a strong force in the asset finance space with strong loan numbers, turnaround times, and broker satisfaction.

Demand for agribusiness drops alongside crop production
3 March 2025

Recent data has highlighted some tougher times for farmers, resulting in a decrease in the number of agribusiness loans.