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Labor abandons Hayne on mortgage brokers, proposes fee limits – Labor has backed away from its initial support for the crackdown on mortgage brokers as recommended by the banking royal commission, and has prepared compromise options to spare the borrower paying.
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The final report of the Hayne commission was emphatic in its denunciation of trailing commissions for mortgage brokers: "to put it bluntly. they are money for nothing". But is there more to.
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"There’s no doubt things have tightened up, but it’s not as tight as everyone thinks," said Michael D’Alonzo, president of the National Association of Mortgage Brokers. "We had a 10-year run of.
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