A boost for broker market share in the March 2017 quarter

Posted: 17/05/2017

​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.

​“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 > ​