News
Robert Trent Says Mortgage Broker Boom Follows 50% Bank Retreat
2+ hour, 4+ min ago (439+ words) Robert Trent says the mortgage broker business is gaining ground as banks retreat from construction lending, leaving builders with fewer bank facilities and tighter terms. Single-family residential construction and land development loans are now more than 50% below their 2008 peak, and…...
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Mortgage Broker dominance masks rising risks despite strong trust
3+ mon, 1+ week ago (561+ words) A record quarter in which intermediaries wrote more than three quarters of new home loans has coincided with rising client expectations: the phrase mortgage broker now sits at the centre of borrower decisions even as new service and product risks…...
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