Borrower Fixed Rate Demand Increased by 6% in September

Current internal data from Mortgage Choice shows that the borrower demand for fixed rates rose in September, accompanying the out-of-cycle interest rate hikes from conventional banks. The data show an increase of…

The Big Four Stand to Profit from Trail Commission Removal

Ending the trail commission payments to brokers would boost the profits for the big four banks by 1.8 per cent, according to the Roadmap to Branchtopia report by Morgan Stanley Research. This…

Experts Predict Further Housing Downturn Due to Home Loan Rate Hikes

According to CoreLogic’ analyst Cameron Kusher, the latest rash of out-of-cycle interest rate hikes being imposed on owner-occupier homes loans could further reduce the demand for property and bring down the value…

Are Major Banks Creating an Anti-Competitive Behavior Environment?

The mortgage lending industry is being challenged by the majors in various ways. They started by making accusations against mortgage brokers, changing the rules, and now by creating an environment of anti-competitive…

How Brokers Make the Mortgage Markets Better

A new report published by DAE (Deloitte Access Economics) mortgage brokers makes the mortgage markets work better. They expand choices and boost competition between market lenders, which pushes them to provide superior…

Branches Vs Brokers – How Brokers Create a Competitive Edge

The bottom line is that if there were no mortgage brokers, there would be no way to challenge the banking sector and smaller lenders would have little chance to succeed in the…

Overly Strict and Impractical Credit Decisions May Exploit Borrowers

Xavier Quenon, Go Mortgage director, issued a warning to mortgage borrowers regarding the stricter and vastly impractical new bank credit practices and how they are likely to harmful to borrowers in the…

How the Bank Tightening Cycle is Affecting Mortgages and Brokers

The media’s scrutiny of the banking industry’s poor behaviour lately has prompted a knee-jerk response from them to prove they are implementing significant changes to bank lending standards and practices, motivating brokers…

Consumers aren’t Lacking Confidence in the Broker Channel

The latest figures from the MFAA’s quarterly market survey shows that brokers are still holding onto their stronghold over the home loan market in spite of heightened scrutiny from the media, royal…

The MFAA is Challenging Negative Broker Rhetoric

The broker industry has been wildly scrutinised over the past year regarding the lack of positive consumer outcomes. The MFAA is determined to refute this rhetoric with an abundance of proof that…

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