News
Mortgage fraud worries balloon to $3b as banks remark their homework
1+ week, 1+ day ago (185+ words) AFR The higher potential exposures indicate deep and ingrained issues within the home loan market, and the time for a concerted industry response is now. The detailed mortgage fraud and loan irregularity reviews being conducted by banks across the sector…...
New private lender Broker Capital hangs out its shingle after raise
5+ mon, 2+ day ago (176+ words) The Sydney-based start-up will lend to mortgage brokers, who need cash for personal or businesses needs and have a decent book of trailing commissions. Gift 5 articles to anyone you choose each month when you subscribe. Australia's booming private credit sector…...
The big four banks are fighting back against mortgage brokers
6+ mon, 1+ day ago (189+ words) The major lenders, in many respects, brought this problem upon themselves by neglecting customer relationships and the importance of their distribution channels. Gift 5 articles to anyone you choose each month when you subscribe. The nation's largest lenders are waging a…...
Mortgage brokers" growing power puts big banks on notice
9+ mon, 1+ week ago (241+ words) Gift 5 articles to anyone you choose each month when you subscribe. Last month, 15, 000 mortgage brokers received an email from their industry association reminding them of the growing power they hold. .. Gift 5 articles to anyone you choose each month when you…...