The industry bodies have put the onus back on brokers to perform due diligence before entering any agreement after a banned trail book buyer was linked to the latest scam attempting to dupe brokers.
The president of an industry body says the recent slew of broker bans brought out by ASIC is not a reflection on members, despite past media hype sullying the industry’s name.
Here are the stories that shaped 2013 and made it a watershed year for the mortgage broking industry
Banks are being called on to step up their game, following revelations potentially illegal loan structures are being promoted to investors.
The insurance industry has called for increasing transparency around Lenders’ Mortgage Insurance, after complaints to the Credit Ombudsman tripled in the past year.
At Australian Broker, we love a bit of healthy discussion, which is why we honour our favourite comment each week with a lofty little title. Drum roll please...