Opinion
Why private equity likes mortgage brokers
Private equity sees plenty of opportunity in the mortgage broking space as home lending soars and as the industry comes under pressure to consolidate.
Karen MaleyColumnistIt is one of the surest signs that an industry's outlook has begun to improve when there are plenty of private equity firms buzzing around trying to get a foothold.
And so it is with the $1.8 trillion home loan market. Or more precisely, the multi-billion dollar mortgage broking industry which stands to benefit handsomely from what the Reserve Bank of Australia describes as the "strong upswing in the housing market".
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