Mortgage News

How big is the biggest broker in the land?

Wednesday 12th of May 2004

MPM uses a New Zealand Mortgage Brokers Association (NZMBA) estimate that broker originated loans account for about 25% of total home loans. It estimates about $16.7 billion of loans will be written annually industry-wide, which puts the broker share at about $4.175 billion.

Then MPM says it expects to process $1.2 billion in mortgages this year through its 35 franchisees.

That means it is...

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