Author Archives: CRC Public Relations

Borrowers are being advised to reassess their mortgages in light of predictions by many financial experts that the official interest rate is unlikely to change in the near future. The call is from the peak body representing Australia’s finance brokers, … Continue reading →

Global investment bank UBS is being reckless with its analysis of so-called ‘liar loans’ because it is based on implied presumptions, according to the Finance Brokers Association of Australia (FBAA). UBS claims mortgages loaned on incorrect information provided by borrowers … Continue reading →

The Finance Brokers Association of Australia (FBAA) has welcomed news of increased scrutiny on the big banks and their behaviour when setting interest rates for mortgage products. The Australian Financial Review reported on Wednesday that the Australian Competition & Consumer … Continue reading →

A call to scrap all mortgage broker commissions has been criticised by the Finance Brokers Association of Australia (FBAA) which says consumer groups making the suggestion have no regard for the competitive position and incredible value proposition that brokers bring … Continue reading →

Reports that ASIC’s remuneration review is an opportunity for finance and mortgage brokers to self-regulate have been strongly criticised as being way off the mark by the Finance Brokers Association of Australia (FBAA). Executive director Peter White said the industry … Continue reading →

The nation’s peak body for finance and mortgage brokers says ongoing speculation on the Reserve Bank’s likelihood of increasing official interest rates is causing instability in the market. The Finance Brokers Association of Australia (FBAA) says if rates are going … Continue reading →

The new Australian Financial Complaints Authority (AFCA) being planned by the federal government will be good for consumers, according to the peak body representing Australia’s finance brokers, the Finance Brokers Association of Australia (FBAA). The formation of AFCA has been … Continue reading →

A suggestion by the Finance Sector Union (FSU) to restructure brokers’ incomes is flawed, according to the Finance Brokers Association of Australia (FBAA). The union believes there should be a universal income structure for bank employed mortgage salespeople and external … Continue reading →

A new $6.2 billion levy over four years on the top five banks contained in the federal budget has been cautiously welcomed by the Finance Brokers Association of Australia (FBAA), but it warns the decision could backfire on borrowers if … Continue reading →

Australia’s peak body representing finance brokers has urged borrowers to avoid choosing a mortgage based on incentives offered by lenders, as it could lead to unsuitable loans. Executive director of the Finance Brokers Association of Australia (FBAA) Peter White, says … Continue reading →