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From banned mortgage brokers to great new tools on the market, here are the top stories of this week:
1. Mortgage brokers banned for loan fraud
False documentation caused Westpac to finance over $17m in home loans
2. RBA announces decision on cash rates
Opinion was split on whether the cash rate would hold for another month
3. Brokerage co-founder resigns to crack online space
He has also officially sold his interests in the company to 'give back to the new guys
4. Non-bank moves into near prime space
The move comes at a time when “PAYG and credit impaired customers are affected by the tightening criteria of traditional lenders”
5. NAB introduces digital signing for broker channel
The tool will allow customers to sign their documents from anywhere, on any device
6. Rate-hold reaction: ‘Prepare for spring hike’
The tool will allow customers to sign their documents from anywhere, on any device
7. Introducing the Fitbit of the finance world
The company shifts its focus as it predicts permanent change in consumer behavior.
