LMI players have been criticised recently for the lack of competition within this market – but QBE believes the future of LMI could be threatened unless the government takes one important step
Lack of transparency and disclosure on behalf of lenders and LMI insurers was the hot topic of the week. But who is being left in the dark like mushrooms?
Brokers are too intimidated to speak out about issues affecting them lest it impacts their income and industry associations are not protecting them, claims one disgruntled broker
The Housing Industry Association has joined the FBAA in criticising the high cost to consumers and lack of competition within the LMI market
The FBAA has tackled the LMI industry for lacking transparency and taking advantage of uninformed consumers
Consumers will not read the mountains of new NCCP mortgage disclosure paperwork as it stands now, says FBAA