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Rate transparency could ‘diminish’ broking industry
The Bank of Queensland has told the Productivity Commission that greater visibility of mortgage rates could make the mortgage broker proposition less compelling for ...
LENDER • Mon, 05 Mar 2018
NAB says brokers are a ‘force for good’, backs trail
A major bank executive has told the Productivity Commission that mortgage brokers “are a force for good” and should be remunerated for the ongoing care of their customers
BROKER • Sun, 04 Mar 2018
Major bank says brokers more expensive than branches
A big four bank has revealed that it would be cheaper if home loan customers came directly to one of its branches than through the broker channel, despite contending ...
BROKER • Thu, 01 Mar 2018
Bank says broker fees would remove conflicts
Bendigo and Adelaide Bank has told the Productivity Commission that fees for service would remove potential conflicts of interest, but that such a change would have ...
BROKER • Wed, 28 Feb 2018
Charging fees would be anti-competitive, warns aggregator head
Competition would decrease in the Australian financial system if consumers were forced to pay brokers a fee, the director of Connective has warned.
AGGREGATOR • Tue, 20 Feb 2018
Royal commission points to big bank dominance
The royal commission into banking has released its first publication, laying out the market dominance of Australia’s major banks and their high profitability ...
LENDER • Tue, 13 Feb 2018
Investors should be renegotiating rates, says Aussie broker
Now is the time for property investors to renegotiate their rates and improve their cash flow, according to Aussie Parramatta mortgage broker Ross Le Quesne.
BROKER • Mon, 12 Feb 2018