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Aggregators caught up in Banksia fallout

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Australian Broker | 30 Oct 2012, 06:00 AM Agree 0
Leading mortgage aggregators who maintained Banksia Financial Group on their approved panel of lenders are in the midst of dealing with the group's shock insolvency
  • Country Broker | 31 Oct 2012, 11:00 AM Agree 0
    Best brokers can do is REFINANCE client out as soon as possible most loan In Banksia have NIl penalities for early payout and were shorter term loans.
  • John McNamara | 31 Oct 2012, 01:29 PM Agree 0
    In relation to expanding NCCP to Small Business.
    I am very concerned about this as I believe it has the potential to significantly slow lending to small business in Australia, and therefore slowing small business. A number of small business clients of ours find bank's lending policies conservative and confusing, and adding legislation to this will only make for a more difficult lending environment.
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