NAB Broker unveiled a new stepped trail commission structure this afternoon.
It’s back to a buyers’ market according to RP Data as properties take longer to sell and stock levels mount up due to decreased buyer activity.
Residential building activity increased slightly in the March quarter by 0.3 per cent, seasonally adjusted, to reach $9.731 billion.
The official cash rate will reach 7.75 per cent by the end of the year, according to ANZ.
St George has given brokers an extra month’s grace on its electronic lodgement requirements, pushing the deadline back by one month.
Cross selling may meet resistance from the broking industry despite commission reductions.
Prime mortgage arrears rose by four basis points to 1.28 per cent in February, according to Standard & Poor’s Rating Services.
The sale of Wizard Home Loans will not affect GE Money’s third party business, according to a statement issued to the mortgage industry yesterday afternoon.
Australian businesses are feeling the effects of the credit crunch but remain confident in their future.
Demand for fixed-rate mortgages contracted significantly in April, Mortgage Choice housing loan approval data released yesterday revealed.
The “existing arrangements” for broker remuneration would rem...
Record quarterly originations driven by strong broker flows and s...
The state government has pledged to develop a support package for...