Mortgage Choice’s Growth Prospects Moderate but Remain Attractive; AUD 2.50 FVE Unchanged
The structure of mortgage broker commissions is under review as a result of increasing regulatory and political scrutiny prompting some changes from the banks that pay the commissions to the brokers. At this early stage, we think at worst, potential changes to the industry’s commission structure will be mildly negative for mortgage brokers. The simplification of the commission structure provides more transparency to the composition of brokers’ remuneration; however, more transparency may deter b...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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