Category Archives: Uncategorized

ABC and Emma Alberici get it very wrong on mortgage brokers

The Finance Brokers Association of Australia (FBAA) has accused the ABC and its controversial chief economic reporter Emma Alberici – who was recently criticised by business groups and the Prime Minister over comments about corporate tax – of misrepresenting the … Continue reading

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We need more women!

The Finance Brokers Association of Australia (FBAA) is planning ways to attract more women to the industry, revealing that the percentage of female brokers is significantly below the overall percentage of women in the financial services sector. FBAA executive director … Continue reading

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Morrison has it wrong on comprehensive credit reporting, says finance broker body

As the Banking Royal Commission starts, the peak body representing Australia’s finance brokers has warned Treasurer Scott Morrison that draft legislation to force banks to hand over more detailed customer credit information will potentially backfire. The treasurer, who last week … Continue reading

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Productivity Commission gets it wrong on brokers

The executive director of Australia’s peak body representing finance brokers has slammed the section of yesterday’s draft report into competition in the Australian financial system – released by the Productivity Commission (PC) – that refers to brokers. Peter White of … Continue reading

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Finance broker peak body sceptical of big bank discounts

The Finance Brokers Association of Australia (FBAA) is sceptical about moves by the big banks to set aside hundreds of millions of dollars to enable them to offer big discounts in the property borrowing market. As reported by the Australian … Continue reading

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Finance brokers urge big banks to drop rates

The nation’s peak body representing finance brokers has welcomed drops in home loan mortgage rates by some smaller lenders, saying it would benefit borrowers if the big banks followed suit. The Finance Brokers Association of Australia (FBAA) says lenders have … Continue reading

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Fluctuating property market will hit borrowers

Fluctuations in the housing market are not unusual, according to the nation’s peak body representing finance brokers, the Finance Brokers Association of Australia (FBAA). Playing down talk of a pending housing bubble burst, executive director Peter White said the reality … Continue reading

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Brokers back APRA call

Mortgage brokers are already putting a heavy emphasis on the living expenses of borrowers when matching them with the most suitable loans for their financial circumstances, according to the nation’s peak body representing finance brokers, the Finance Brokers Association of … Continue reading

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Borrowers urged to consider loans during interest rate hold

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

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Brokers accuse UBS of reckless analysis

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

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