News Australia

85 per cent of senior executives of mortgage managers and aggregators in the mortgage industry expect their lending volumes and their competitive position will be cut if new financial regulations banning mortgage exit fees come into effect from July 1, 2011. 55 per cent of the managers and aggregators in the survey, commissioned by the [...]

85 per cent of senior executives of mortgage managers and aggregators in the mortgage industry expect their lending volumes and their competitive position will be cut if new financial regulations banning mortgage exit fees come into effect from July 1, 2011. 55 per cent of the managers and aggregators in the survey, commissioned by the [...]

The mortgage industry ponders the potential impact of a ban on exit fees. Stakeholders in the mortgage industry are eagerly awaiting the federal government’s response to recent recommendations made by the Senate economics references committee about the viability of banning mortgage exit fees. But it raises another question: what impact is the ban likely to [...]