Mortgage brokers reap $2b in commissions
Story date: 2007-08-25 05:04:00
Added on: 2007-08-25 23:35:03
News.com.au - MORTGAGE brokers are earning almost $2 billion in commissions a year at the expenses of borrowers, finance experts claim. Hamish Carlisle, of mortgage provider QuickDirect, said an average commission for a mortgage broker writing a $250,000 loan over ...
Read more...
Related Stories:
-
Mortgage brokers reap $2b in commissions (Herald Sun)
MORTGAGE brokers are earning almost $2 billion in commissions a year at the expenses of borrowers, finance experts claim....
2007-08-25 02:00:00 -
Commissions ban could hit mortgage brokers
Australian mortgage brokers could be next in line for a ban on commissions as the federal government steps up its campaign against...
2010-04-27 05:00:21 -
Commissions ban could hit mortgage brokers - Sydney Morning Herald
The Securities Commission has found that poor advice is six times more likely when you have commissions and associated payments," Mr Bowen...
2010-04-26 06:41:00 -
Mortgage brokers fight for commissions in RDR - CityWire.co.uk
Mortgage brokers fight for commissions in RDR ...
2008-01-21 02:04:36 -
NAB cuts broker commissions (AAP via Yahoo!7 Finance)
NAB will cut its mortgage broker commissions and introduce a gradually increasing trail fee in the expectation brokers develop longer-term clients....
2008-05-29 02:39:12 -
GST/HST on Broker Commissions? - Canadian Mortgage Trends
GST/HST on Broker Commissions?Canadian Mortgage TrendsBeyond the negative effects on brokers, this might have adverse effects on consumers, who rely on brokers...
2010-03-22 07:25:40 -
Westpac cuts mortgage broker commissions (Port Macquarie News)
The global credit crunch has rolled around to Australia's mortgage broking industry with Westpac Banking Corporation moving to cut brokers' commissions to...
2008-04-27 09:54:16 -
Mortgage banks: Branches close in Pennsylvania and New Jersey.
Philadelphia Inquirer - This year's evaporation of easy credit for home mortgages has caused a painful industry shakeout in New Jersey and...
2007-12-06 12:00:00
