In theory, mortgage brokers are supposed to find the best deal for borrowers but they often do not because of a conflict of interest inherent in their business model: they are paid not by the.
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Mortgage broker punched, spat on sex worker, court hears – A Sydney mortgage broker paid for the $200 "platinum service" at a suburban. has also been accused of drug supply after police raided his home in Belmore, in Sydney’s south-west, and allegedly.
Aussie Home Loans mortgage broker fraud kept secret – Aussie Home Loans customers, lenders and the corporate regulator were initially kept in the dark about fraud committed by a mortgage. Jason South But Ms Harris was unable to say whether customers.
Mortgage brokers know that competing on rate alone is a losing proposition. BancFirst ($7.7B, OK) headed south and will acquire Pegasus Bank ($624mm, TX) for $122mm in cash (100%). Up in Minnesota.
An unregistered Vancouver mortgage broker may have arranged over half a billion dollars in loans, many of which could be based on falsified income records, according to a cease and desist order issued.
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Westpac’s Hartzer tips demise of mortgage broker commissions – Westpac chief executive Brian Hartzer has signalled he believes mortgage broker commissions will ultimately be scrapped, forcing brokers to reinvent their business models. As brokers ramp up their.
Why it’s finally time to ban mortgage broker commissions – But arguably the most glaring instance of incentives gone wrong in the mortgage market is the way mortgage brokers are paid. More than half of all home loans written each year in Australia are.
South Florida by the numbers: Miami, the tax haven – The association credits Miami’s lifestyle, growing economy, new tax laws and low mortgage rates for. is produced by the.
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Mortgage brokers launch blitz against industry reform – Commissioner Kenneth Hayne’s interim report sparked concerns in the industry that mortgage broker payments would be overhauled, particularly around special commissions paid by banks to brokers for.
Royal commission lights a fuse under mortgage broker payments – While counsel assisting, Rowena Orr, traversed plenty of ground on Monday during her interrogation of commonwealth bank chief executive Matt Comyn, she seemed disproportionately focused on the.
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