NewsBite

How mortgage broking was saved from near death

The Hayne recommendations nearly finished off mortgage brokers a year ago. Today, their services are more in demand than ever.

James Frost
James FrostFinancial services writer

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

One year after the Hayne commission delivered a set of recommendations that would have annihilated mortgage brokers, the good times are rolling again.

Loan Market’s Bernard Desmond says he expects to do twice as much business this financial year as last year and is on track to write more than $100 million worth of loans.

Loading...
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/financial-services/how-mortgage-broking-was-saved-from-near-death-20200131-p53wkt