Mortgage Choice Receives a Boost from Federal Election Result. FVE AUD 1.10 Unchanged
The earnings outlook for no-moat Mortgage Choice has improved following the recent federal election result with the removal of a raft of political and structural issues. In our view, Labor’s policy platform included a wide range of direct and indirect negatives for the mortgage broker sector, but Labor’s electoral loss swept aside these headwinds, and opens up the possibility of better times ahead for the struggling Mortgage Choice. The Liberal/National Coalition has a more sensible position on ...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.
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