Monthly Archives: May 2019

FBAA welcomes new minister for financial services

The Finance Brokers Association of Australia (FBAA) has welcomed the appointment of Senator Jane Hume as financial services minister while thanking outgoing minister Stuart Robert for his courtesy, professionalism and commitment to the industry. FBAA managing director Peter White said … Continue reading

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Finance brokers welcome APRA rethink

The Finance Brokers Association of Australia (FBAA) has welcomed moves by the Australian Prudential Regulation Authority (APRA) to loosen its deemed serviceability requirements that have resulted in banks rejecting many reasonable loan applications. FBAA managing director Peter White said times have … Continue reading

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The FBAA looks to the future after Coalition re-elected

The Finance Brokers Association of Australia (FBAA) has congratulated Scott Morrison and the Coalition for their election win and vowed to work with them to ensure borrowers continue to have choice in a healthy financial services industry. FBAA managing director … Continue reading

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Finance brokers cautiously welcome first home buyer loan guarantee

The peak body representing Australia’s finance brokers says the Government’s proposed loan guarantee for home buyers, which will allow them to enter the market with only a five per cent deposit, is a very good initiative. However managing director of … Continue reading

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FBAA notes interest rate inaction despite solid case for cut

The Finance Brokers Association of Australia (FBAA) says many would-be home buyers will be disappointed by the decision of the Reserve Bank of Australia (RBA) to keep interest rates on hold. FBAA managing director Peter White said the RBA board … Continue reading

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