Wes Mountain/The Conversation
There's concern that paying upfront for the services of mortgage brokers would frighten customers away. But it needn't, if they provide good service and explain what are charging for.
Within weeks of adopting most of the banking royal commission’s recommendations, Treasurer Josh Frydenberg has backed down on one of them.
Josh Frydenberg wants to leave mortgage broker commissions unchanged for three years. It's hard to see why.
Most mortgage brokers provide good service.
The push against brokers might be right in theory, wrong in practice.
Bank lending standards need to be more consistent to avoid borrowers shopping around to find the lender that offers them the highest loan amount.
It's not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages.
If consumers don’t like the way their mortgage brokers operates, they can shop around.
The ASIC inquiry into how mortgage brokers are paid won't do much to change an already competitive system.
Subprime loans could ease not only the housing affordability crisis but rising homelessness as well.
The Hollywood flick recalls subprime's role in the 2008 financial crisis, but, by helping more low-income households buy a home, the loans can help ease the affordability crisis and homelessness.
Mortgage broker home loans are riskier than those from banks.
Heightened competition among home lenders has prompted the banking regulator to issue a reminder of what constitutes prudent lending, but its suggestion that loans being generated by mortgage brokers should…
An increasing number of consumers choose a broker over going direct to a bank for their home loan.
Over 40% of mortgages in Australia are sold by mortgage brokers, not by their manufacturers - an issue that has the CEO of Australia’s fifth largest bank, Suncorp, arguing the sector is skewed towards…