Mortgage Choice delivers attractive returns, but the mortgage broker industry is facing challenges.
As the fallout continues from last week’s media expose on ABC’s The 7.30 Report (regarding disgruntled Mortgage Choice franchisees), we adjust our key assumptions accordingly. Most significantly, we increase our commission-rate assumptions payable to franchisees, as well as removing the two-tier payment structure currently being utilised as an incentive to drive loan flows. We also lower our revenue forecasts on the back of lower credit growth expectations and adjust our operating expense foreca...Mortgage Choice is engaged in mortgage broking. Co.'s activity includes: the provision of assistance in determining the borrowing capacities; the assessment, at the request of those borrowers, of a range of home loan or other products; and the submission of applications on behalf of prospective borrowers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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