According to research group comparator, mortgage brokers have broken through the $100 billion barrier of home loans written during the 2012 calendar year. Research from the top 16 aggregators in the industry found that brokers originated for than 40% of all new residential lending in 2012 and experienced a surge in lending volumes during the December 2012 quarter alone to $27.2 Billion - up 5.5% from the previous quarter. The research also revealed that a broker's average home loan value was $337,000
The MFAA opposes any further regulation of the finance industry until at least 2016, or until the NCCP ACT and the Enhancement ACT can be fully assessed.
Watch this space!