Category Archives: Uncategorized

FBAA criticises lenders for significant delays in loan processing

Feedback from members as part of a poll conducted by CoreData for the Finance Brokers Association of Australia (FBAA) has revealed that 60 per cent of finance and mortgage brokers have experienced delays in loan processing over the past six … Continue reading

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Bank bosses comments an attempt to deflect focus from their greed and bad practices

The big banks have learnt nothing from the Hayne royal commission and hate competition, according to the head of the Finance Brokers Association of Australia (FBAA). Peter White AM hit out at comments targeting broker remuneration made by the heads … Continue reading

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Groundbreaking meeting paves way for future clawback changes

Following more than two years of discussions between the Finance Brokers Association of Australia (FBAA) and the federal government around the subject of unfair clawbacks and net of offset commissions, a groundbreaking meeting took place on Monday that offers hope … Continue reading

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Industry must stop navel gazing

Finance Brokers Association of Australia (FBAA) managing director Peter White AM says the industry should stop chest beating about its market share, and declared that his focus was on continuing to advance the sector, push for the changes that matter, … Continue reading

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Brokers should be aware of new compensation scheme details

Finance and mortgage brokers should be aware that the government’s new Compensation Scheme of Last Resort (CSLR) was rolled out in early April and understand the details around the scheme, according to the Finance Brokers Association of Australia’s managing director … Continue reading

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Opportunities for Aussie brokers in NZ as new association makes its mark

With around only 50 per cent of mortgages in New Zealand written by finance and mortgage advisers (as brokers are known there), there are enormous opportunities for Aussie brokers to expand across the ditch, according to the Finance Brokers Association … Continue reading

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NSW Govt must now act on payroll tax debacle

Friday’s decision by the NSW Supreme Court to uphold the decision by Revenue NSW to charge Loan Market payroll tax retrospectively to 2012 sets a dangerous precedent for aggregators and other states, according to the Finance Brokers Association of Australia … Continue reading

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RBA can’t give borrowers false hope on interest rates

While there is talk that the Reserve Bank of Australia (RBA) may consider cutting interest rates today, Australia’s finance and mortgage brokers’ peak body says it’s unlikely. Managing director of the Finance Brokers Association of Australia Peter White AM said … Continue reading

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Research shows interest rate rises dividing us into “haves and have nots”

Startling new research has shown that while many Australian borrowers are struggling under the pressure of steep interest rate rises, others are taking advantage of the rate increases to invest in property. The ‘Consumer Access to Mortgages 2023 report’ by … Continue reading

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Huge step forward for commercial and asset finance brokers

In a groundbreaking move, the Finance Brokers Association of Australia (FBAA) has announced the appointment of its first national commercial and asset manager, heralding a new era for commercial and asset brokers. Renee Tocco, a highly respected and experienced finance … Continue reading

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