Making news this week, a former Aussie broker has admitted to 18 counts of fraud totalling over $5 million; a major aggregator reported impressive loan growth with an up lift in non-major market share; and APRA has warned banks that a fresh wave of capital raisings may be around the corner
Major mortgage aggregator AFG grew its overall loan book by 7% in the 2016 financial year, reporting a big lift in non-major market share
The MFAA has met with Fairfax to discuss the inflammatory article about mortgage brokers published in the AFR, ‘Mortgage broker salad days are numbered’
Major bank market share of fixed rate mortgages has surged, now comprising over three quarters of AFG’s fixed rate market share
The MFAA is urging brokers to connect with their local politicians in light of ASIC’s remuneration review
AFG took its national Masterclass series industry-wide to discuss the mortgage broker remuneration review currently being undertaken by ASIC. Brokers were invited to discuss the concerns and opportunities of the review with an expert industry panel featuring both the MFAA and FBAA alongside AFG executives.