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  • 17 May

    PRESS RELEASE: A boost for broker market share in the March 2017 quarter

    News

    ​​According to research group ‘comparator’, a CoreLogic business, finance brokers originated at least $46 billion in new home loans* during the March 2017 quarter. This result represents the largest by value ever for this particular quarter which is historically the “low point” by value for the calendar year. Mortgage brokers originated 53.6% of new residential home loans during the March 2017 quarter, based on data sourced from 19 leading brokers groups and aggregators. This is an increase from the 51.9% result in the December 2016 quarter, and is only slightly down from the same quarter in March 2016, which was 53.7%.​

  • 17 May

    A boost for broker market share in the March 2017 quarter

    News

    ​Mortgage brokers originated 53.6% of new residential home loans during the March 2017 quarter, based on data sourced from 19 leading brokers groups and aggregators. According to research group ‘comparator’, a CoreLogic business, finance brokers originated at least $46 billion in new home loans* during the March 2017 quarter. This result represents the largest by value ever for this particular quarter which is historically the “low point” by value for the calendar year.

  • 17 May

    ACCC reports increasing scams

    News

    ​Aside from current government warnings of global malware scams, the Australian Competition & Consumer Commission (ACCC) advises that 2016 reported online scams increased by 47% compared to 2015. A sharp increase in social media scams include, in particular, dating sites and fake trader scams. Combined reports numbered 200,000 with reported losses totalling $300 million.

  • 17 May

    MFAA Member Benefits - Thrifty Car Rental

    News

    ​With over 240 locations across Australia, a comprehensive range of vehicles, incredibly competitive rates and award-winning service, Thrifty is surely driving the best value for members. Receive 10% discount off daily car hire and a reduced Damage Recovery Fee with every rental. Click here for more information & terms and conditions.

  • 17 May

    Reminder on Referrer Obligations

    News

    There is currently an exemption to being licensed under the NCCP Act for those in a business who refer a potential borrower to a broker or financier. These referrers are likely to be acting as an intermediary and must therefore be licensed or appointed unless they meet exemption requirements.

  • 17 May

    MFAA concerned over UBS report on Broker Remuneration based on incorrect data

    News

    ​The Mortgage & Finance Association of Australia (MFAA) has expressed concern at a research report released today by UBS which claims that Australian mortgage brokers are ‘overpaid’, but has based its findings on incorrect data. The report implies that for every mortgage written in 2015, brokers received an average remuneration per mortgage of $4,600, but this is not correct.