Two industry veterans have been given a life membership by the MFAA to recognise long service.
Australia’s largest mortgage broker aggregator processed more mortgages last month than for any February on record, but first home buyers are falling to worrying levels.
A non-major bank is said to be conducting due diligence on a complete buyout of a major aggregator, stirring ideas the lender is expanding its influence in the broking sector.
Second-tier lenders lost much of the market share they gained in late 2013 as the big four took advantage of record January mortgage figures.
Non-major lenders tripled their market share of new fixed-rate loans in the final quarter of 2013, the latest statistics show.
Lenders, aggregators and brokers have hit back at accusations by consumer spokesgroup CHOICE that "lax" lending standards and high LVR loans are putting consumers at risk.