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Analysis

BankWest trims major groups' commission - Feb 2009

BankWest has announced a reduced remuneration structure for brokers, following the end of its commission guarantee to its top six...
July 08, 2020

A blowout in the big banks’ servicing times is continuing to hurt the broking industry.

February 19, 2009

Bank third-party servicing levels are again in the spotlight with reports that some of the majors are inflicting delays of two weeks or more on borrowers.

February 03, 2009
Freddie Mac has asked for a further US$13.8 billion (A$21.5 billion) US federal government lifeline after reporting a US$25.3 billion (A$39.4 billion) loss for the third qua...
January 05, 2009

More brokers see an advice-based model as the key to future success as opposed to a transactional-based business.

January 05, 2009

The federal government’s move to beef up the First Home Owners Grant (FHOG) is already seeing increased activity in the sector, according to major brokerages.

January 05, 2009
Brokers were again the subject of negative media attention last month with Herald Sun columnist Scott Pape telling consumers to “steer clear” of brokers and the...
January 05, 2009
Brokers are still digesting the November announcement that ANZ had cut its maximum LVR from 95 to 90 per cent, as concern mounts over the implications for the industry....
January 05, 2009

Confidence in the non-bank sector has re-emerged with 50 per cent of brokers now more open to writing non-bank products compared to 12 months ago.

January 05, 2009
GE Money’s unceremonious dumping of its Australian third-party distribution channel has tarnished the non-bank sector’s reputation. But it should not stop broker...
November 08, 2008

The dust is now starting to settle after GE Money’s shock announcement that it will no longer be distributing funds via the third-party channel.

November 08, 2008
ANZ’s decision to pull its 80 per cent low doc from the market, combined with the recent withdrawal of low doc discounts by CBA, highlights a re-pricing of risk that m...
November 08, 2008
Despite assurances from RBA governor Glenn Stevens that the likelihood of a global catastrophe had declined, the mortgage industry remains doubtful that the worst of the fi...
November 08, 2008
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