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.
“We typically see a good relative result for broker market share in the March quarter, and this quarter is particularly important as it follows a period of increased prudential focus on interest only loans and ongoing attention on investor lending, both of which have had an impact on the broker channel,” stated MFAA CEO Mike Felton. READ MORE >