Mortgage News

Hysteria over commission cuts

Tuesday 24th of April 2007
Since news broke last week that ANZ was intending to cut upfront commissions by 45 basis points, Shatford’s phone and email have been running hot with comments from brokers.

His view of the change is that banks are protecting their market position. He says banks are happy for mortgage brokers to have 30% market share of all loans written, but they are uncomfortable with the current levels wh...

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