Publication: Broker News

First reported May 16 2013 - Updated May 17 2013 - 2 reports

Budget impacts home owner confidenc ...

Last night, Opposition leader, Tony Abbott’s, claimed the average Australian family would be at least $600 a year better off under a Coalition government - a statement that directly addresses the apparent concerns of many home buyers. More than 580 participants ... [Published Broker News - May 17 2013]
Entities: Paul Smith, Federal, Market
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Quick Fire: Aaron Russell-Smith

In this inaugural edition of Quick Fire, we ask Statewide Mortgage Solutions broker, Aaron Russell-Smith about the important issues: Bands, party tricks and beer1. AB: If a random one of our readers came to your house for dinner tonight, what would you ... [Published Broker News - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Far out Friday: To tie or not to tie

According to the internet, the Ancient Romans were the first to wear neckties - and they've been around more or less ever since. The sheer number of websites dedicated to psychoanalysing a man’s personality based on the colour and design of his tie is ... [Published Broker News - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Mortgage manager announces variable ...

Australian First Mortgage Pty Ltd (AFM) is the latest lender to announce post-RBA meeting interest rate cuts, reducing their variable interest rates on all lending products by 0.25%.As AFM has several funders, the dates applicable to the reduction varies ... [Published Broker News - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Lender boosts third party BDM team

Non-bank lender Homeloans Ltd has appointed four new business development managers for Queensland, NSW and Victoria and a new business development officer in Queensland.The appointments add to Homeloans’ national team of 13 BDMs, who are responsible for ... [Published Broker News - May 17 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Pre-July surge expected in Victorian FHB activity

Aspiring first home buyers (FHBs) are expected to rush to ‘sign on the dotted line’ ahead of the removal of thousands of dollars in government incentives at the end of next month, according to Melbourne property law specialist, Adam Zuchowski.Zuchowski, ... [Published Broker News - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

ASIC issues eight-year ban to award-winning broker and property adviser

ASIC has cancelled the credit licence of Money Choice Pty Ltd (Money Choice) and banned its award-winning director, Matthew George, after an investigation found failures to comply with credit laws, responsible lending shortfalls and instances of unlicensed ... [Published Broker News - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Macquarie launches 'Little Black Bo ...

Macquarie has announced the launch of its ‘Little Black Book’ app for Android devicesMacquarie’s technical specialist team, MAStech, has announced its free-to-download, ‘Little Black Book’ app for financial services professionals, including brokers, which ... [Published Broker News - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Major bank predicts further RBA rate cuts

The RBA is likely to make at least one more rate cut this year, suggests NAB chief economist of markets, Rob Henderson.Speaking at a post-budget briefing, Henderson noted that the RBA is on the record as saying that the best way to deal with an asset ... [Published Broker News - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Brokers maintain market share above ...

Mortgage brokers continued to hold their market share above 40% of the $24.1 billion worth of home loans written during the March quarter - and are on track to break through the $100 billion barrier of home loans written during the 2013 calendar year, ... [Published Broker News - May 16 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

The most annoying point to me ...

A nothing budget from a nothing governmentLyn Turner on 15/05/2013 5:32:08 PMIf you think it's bad with the current Government, wait until the would be Treasurer gets hold of the reins - that's a frightening disaster about to happen. Nothing could be ... [Published Broker News - May 15 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Non-bank lender extends variable rate reduction

Following the RBA decision to cut the official cash rate earlier this month, non-bank lender Mortgage House has also extended a reduction of 0.25% off the variable interest rate across the full Advantage Home Loan range.From May 2013 onwards, Mortgage ... [Published Broker News - May 15 2013]

Quotes

"At this stage we are reviewing our position and are not in the position to comment."
"The latest housing lending figures point to a strengthening of this measure of market activity. Lending increased across nearly all categories, with the loans for construction and purchase of new dwelling up over 10% in the month. On an annual basis, this represents an increase of over 20%. This represents a very welcome lift in activity" he says
"We also saw significant increases in lending for the purchase of existing dwellings, with this category increasing by 5.9% in value terms in the month. The expansion in lending activity in March is in line with our expectation that the market will gradually strengthen. It suggests that interest rate reductions maybe providing support to weak markets and we look forward to the latest RBA rate reduction leading to further positive news in the market.”"
"There have been talks of costs-of-funding pressures easing for some time now and this is the clearest sign we've seen of this" Smith said

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Far out Friday: To tie or not to tie [Published Broker News - May 17 2013]
Quick Fire: Aaron Russell-Smith [Published Broker News - May 17 2013]
Budget impacts home owner confidenc ... [Published Broker News - May 17 2013]
Mortgage manager announces variable ... [Published Broker News - May 17 2013]
Lender boosts third party BDM team [Published Broker News - May 17 2013]
Pre-July surge expected in Victorian FHB activity [Published Broker News - May 16 2013]
Budget impacts home owner confidence, according... [Published Broker News - May 16 2013]
Major bank predicts further RBA rate cuts [Published Broker News - May 16 2013]
Macquarie launches 'Little Black Bo ... [Published Broker News - May 16 2013]
ASIC issues eight-year ban to award-winning bro... [Published Broker News - May 16 2013]
Brokers maintain market share above ... [Published Broker News - May 16 2013]
The most annoying point to me ... [Published Broker News - May 15 2013]
Banks' whose clients are most likely to use a b... [Published Broker News - May 15 2013]
Non-bank lender extends variable rate reduction [Published Broker News - May 15 2013]
Broker budget response: How will last night's a... [Published Broker News - May 15 2013]
ANZ boosts training to cut broker dependence [Published Broker News - May 14 2013]
Nearly half of Aussie finance professionals pla... [Published Broker News - May 14 2013]
Mortgage manager adds top team member [Published Broker News - May 14 2013]
FHB figures a black cloud over sunny home loan ... [Published Broker News - May 14 2013]
Online offset calculators experience resurgence [Published Broker News - May 14 2013]
New home loan figures show a 'welcome lift' in ... [Published Broker News - May 13 2013]
ABA defends major bank half year profit margins [Published Broker News - May 13 2013]
Brokers missing cross-sell opp ... [Published Broker News - May 13 2013]
New venue brings The Star power to ... [Published Broker News - May 13 2013]
Major undercuts RBA, evens score with NAB [Published Broker News - May 12 2013]
Aggregator aids brokers in nuts and bolts of di... [Published Broker News - May 12 2013]
HIA bearish on home building [Published Broker News - May 12 2013]
Flood of rate cuts continues [Published Broker News - May 12 2013]
Rate cuts to flow more freely, ... [Published Broker News - May 10 2013]
What women want (from their brokers ... [Published Broker News - May 10 2013]
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