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YBR clinches Macquarie mortgage funding

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Australian Broker | 08 Nov 2012, 06:00 AM Agree 0
Mark Bouris has succeeded in making national news headlines with a deal that will see Macquarie Bank fund a new range of Yellow Brick Road-branded mortgage products through the franchise
  • Broke broker | 08 Nov 2012, 10:45 AM Agree 0
    Mark Bouras is just a wizard,. . . .oh wait,. .
  • Michael | 08 Nov 2012, 02:51 PM Agree 0
    None of my customers even know YBR exist and customers can get these rates now.
    Bouris is going to need a lot of hot air (and funding) for this new stunt to gain any traction..
  • Jack | 08 Nov 2012, 03:21 PM Agree 0
    When the GFC hit Macquarie left all their customers high and dry with an additional 1% on their loan. They did not stick around when the going got tough! So much for looking out for the customer.
  • Andy | 08 Nov 2012, 04:50 PM Agree 0
    Read the fine print. This is nothing flash. Not to even start on being funded by Macquarie. How much longer are they going to be around ?
  • Amazed | 08 Nov 2012, 04:55 PM Agree 0
    What a coup!!!!!! A special into rate through a white label product, and then reverting to a normal discount off SVR...... I am stunned that such a coup could be achieved with Macquarie as the partner..... Truley awe inspiring Mark..... speechless in the hype of no new news here type of way. I guess he needed something new to promote since abandoning the financial planning piece of the business.
  • Tom | 08 Nov 2012, 07:19 PM Agree 0
    So it seems YBR's wealth management model has been put to the back shelf.

    Back to focusing on good ole mortgages. Good luck being a YBR franchisee right now as we know Mark aint the Wizard any more!
  • VB Liquidity | 09 Nov 2012, 01:55 AM Agree 0
    "Mark Bouris has succeeded in making national news headlines"- gee that must have been hard given Ch9 is a shareholder of YBR! Goodluck YBR franchisees, may I be so bold to suggest you get a second string funder set up behind Macquarie in case they disappear again, say GE MONEY, no wait, they pulled the pin when times got tough too! Try Banksia, no scratch that, hmmm maybe Aussie will save you, nope that's CBA (one of our 4 pillars). I've got it send the deals Macquarie rejects to RAMS just check the commission as Westpac may pull the wool from under you! Look if all else fails Pepper will have a crack, they might even bail out the whole Macquarie book like they did when they bought Wizard. Yes good luck to our Wizard of Oz as he travels down that Yellow Brick Road in search of the wonderful 5th Pillar. Btw knock on ING's door on your way, a little birdie told me they are a lot closer to finding the 5th pillar! Congrats Adviser on the puff piece! I shall celebrate with a new original VB!
  • Kym | 09 Nov 2012, 11:35 AM Agree 0
    VB Liquidity - you are spot on!! Well written.
  • Kevymac | 23 Nov 2012, 10:08 AM Agree 0
    I've dealt with Macquarie recently, Good luck with that YBR.
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