Tighter Credit and a Softening Housing Market Hurting Mortgage Choice. FVE Cut 12% to AUD 1.50
As reported in our Dec. 13 note, Mortgage Choice reduced fiscal 2019 cash profit guidance by approximately 12% to AUD 14-15 million from previous guidance of about AUD 16.5 million. The mortgage broker blamed tighter lending standards and a slowing housing market for an approximate 10% decline in new home loan settlements compared with fiscal 2018.We reduce our fiscal 2019 forecast loan settlement volumes by 12% to AUD 10.2 billion, reducing origination commission revenue by AUD 3 million to AU...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.