New research has found that mortgage brokers were responsible for more than two thirds of mortgage growth in the 12 months to June 2016 this year.
Research
by comparator, commissioned by the MFAA, shows mortgage brokers were
responsible for 66.3 per cent of the growth in home loans for the year
to June, compared to the year ended June 2014.The research showed that of the $46 billion increase in mortgage lending in ABS housing loan statistics, brokers accounted for $30.5 billion this year, compared to the four quarters ending June 2014.
“The $30.5 billion growth compared to last financial year indicates that customers continue to select brokers for their lending needs,” MFAA CEO Siobhan Hayden said.
Article Source: http://www.theadviser.com.au/breaking-news/32736-brokers-responsible-for-two-thirds-of-annual-mortgage-growth
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