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Speculation is mounting that Macquarie Bank may soon be back in the Australian home loan market.
According to a report in the Herald Sun’s BusinessDaily, the bank looks set to take a 'strategic investment' in a new national mortgage broking company.
The investment, which will be unveiled later this month, is the bank’s first step towards rebuilding its mortgages division.
The new player is expected to be created out of a four-way merger between the National Brokers Group, The Mortgage Professionals, The Brokerage and Specialist Mortgage.
According to industry sources, the merged business will consist of 1,000 independent brokers that will originate more than $1 billion worth of home loans a month.
Retirees have resumed their plans to downsize due to “feeling m...
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