Thousands of mortgage brokers could lose licenses – More than 32,000 mortgage brokers and nearly 6,000 mortgage companies are weeks away from losing their Florida licenses unless they reapply for them with the state. In June, the Florida Office of.
Shares in Australian mortgage broking companies are getting destroyed – But mortgage broking companies are getting annihilated. The business model for mortgage brokers that involves taking commissions from banks on loans looks set to be torn apart, with the inquiry.
Chief of CBA’s Aussie slams ‘crazy’ broker pay plan – The head of the country’s biggest retail mortgage broker, Aussie Home Loans chief James Symond, warns a "crazy" plan to scrap commissions will force a wave of brokers out of the industry, limit access.
Labor has made an important policy backflip on mortgage brokers that has resulted in it formally rejecting one of the royal commission’s most significant recommendations, which undermines its.
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Morrison backs brokers despite warning from banking royal commission – Scott Morrison has backed the mortgage broking industry in the face of demands from the banking royal commission for major changes to how brokers are paid, saying he does not want the sector to.
Mortgage rate plunge lowers a no-cost, 30-year fixed refi to 3.9% – Hard data is tough to find but there is this: Several years of data from Quantalytix show borrowers with credit scores of 740 or higher get lower FHA and VA rates with mortgage brokers than retail.
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Key mortgage rate dives below 4% ahead of Fed meeting on interest rates – The benchmark 30-year fixed-rate mortgage fell this week to 3.93 percent from 4.05 percent. The decline in sales was.
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Mortgage brokers, in contrast, suffered dramatic share price falls as the industry warned that consumers would face higher interest rates and find it harder to compare loans, under a plan to up-end.
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