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Analysis

July 08: Broker numbers set to drop

Broker numbers are tipped to fall by up to 5,000 as lending volumes slide, commissions are cut and regulation nears implementation. ...
December 14, 2019

GMAC-RFC (GMAC) announced in June that it has stopped funding new loans while it undergoes a “strategic review” of its Australian business.

July 22, 2008

Recent moves by the banks to cut broker commissions are likely to see broker sentiment swing back to the non-bank sector.

July 22, 2008

ANZ is the last of the major banks to revise broker commissions, with upfronts to be cut from 0.70 to 0.50 per cent from November 1.

July 22, 2008

ING DIRECT has announced it will cap the supply of wholesale funds available at the current delivery rate, however its retail mortgage business would be uneffected.

July 22, 2008
In theory cross-selling makes a lot of sense. Life and income protection rank high on the list of insurance essentials for homeowners and every loan needs a transactional a...
July 22, 2008
With the first quarter of 2008 behind it, the United States has started the clean-up effort in the wake of the sub-prime lending disaster. And it has a long way to go...
May 21, 2008
Leading mortgage aggregator AFG has reported a decline in mortgage sales for the first three months of 2008.

May 21, 2008
In a show of support for the broking industry, BankWest has moved to boost third-party market share through guaranteeing broker commissions with six major aggregation groups...
May 21, 2008

Despite a number of lenders recently exiting third-party distribution major funders are not expected to follow.

May 21, 2008

After months of speculation, Westpac has broken ranks from the big four banks and reduced its broker commissions, surprising many in the aggregation industry.

May 21, 2008

Westpac’s decision to cut broker commissions appears to have given new momentum to media attacks on the broker channel.

May 21, 2008
According to a recent Mortgage Business straw poll nearly 86 per cent of mortgage businesses are considering or have alread...
May 21, 2008
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