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Home loan customers may need to pay mortgage brokers to save money – Borrowers may have to pay an upfront fee when their home loan is arranged, in a move applauded by consumer advocates but which mortgage brokers say would devastate their industry. The new fee, one of.

Mortgage payments to edge higher with rate hike – He said the average variable mortgage payment across the country would increase by about $25 per month with a quarter-point hike in the rate. Some mortgage brokers contacted by. moves up to 2.84.

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Compliance hot topic: Do Fair Lending laws prohibit a mortgage lender or broker from collecting photo IDs? – Mortgage Quality Management and Research sent out its bi-weekly frequently asked questions paper thursday morning, this time addressing vendor oversight programs and determining the strength of.

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There’s good news and better news for mortgage brokers as the calendar flips to 2019. The good news is that mortgage brokers continue to outpace their retail counterparts in business growth, a trend.

Mortgage brokers are furious about the Hayne royal commission findings and say it could ‘destroy 20,000 small businesses’ – Australia’s mortgage broking. the Finance Brokers Association of Australia (FBAA), is furious, and says the royal commission wants to “destroy some 20,000 small businesses”. FBAA managing director.

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