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Mortgage brokers dominate home loan market, transform banks’ profit
As reported on ABC News, home loans continue to dominate the profits for banks but recently, the profit margins have been decreasing due to customers preference for mortgage brokers when finding a loan for their homes. Approximately 75 per cent of new home loans are now negotiated through mortgage brokers thus disrupting the historical relationship...
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Both Insurance and Mortgage Brokers impacted by construction industry instability
The Adviser reports that the recent increase in company liquidations and instability in Australia’s construction industry has had a compounding effect on both Mortgage Brokers and Insurance Brokers. These professionals are now playing a greater role in educating and advising their clients who are impacted by the collapse of a building company. Read more here.
