The banking arm of London’s luxury department store will soon offer tailored mortgages to high net-worth individuals through an exclusive third-party channel.
The convergence of mortgage broking and financial planning will create a greater need for brokers to disclose commissions, according to the Commonwealth Bank of Australia.
Wealth management group Yellow Brick Road is in the final stages of acquiring a mortgage manager and hopes to have another acquisition complete by 30 June.
Mortgage originations remain weak in the United States despite an upward trend in aggregate debt, according to Standard Life.
Two major Australian lenders have seen their brand value increase in a regional brand ranking.
The Australian Competition and Consumer Commission (ACCC) has re-authorised the MFAA’s disciplinary rules until June 2019.
Genworth Australia has commented on its ASX listing for the first time since the IPO was announced last month.
Australian lenders are sharpening their digital toolkits as supermarkets and digital giants continue to penetrate financial services.
Investment property loans have grown by 37 per cent in four years while owner occupied loans grew by 4 per cent in the same period, according to Roy Morgan Research.
ASIC’s $120 million funding cut will see the corporate watchdog further pursue credit reps rather than licensees, according to QED Risk Services.