The mortgage broker locusts continue to swarm the Hayne Royal Commission’s recommendation to overhaul mortgage broking from a commission-based to a user-pays system. Mark Bouris – executive chairman of Yellow Brick Road – claims that the reforms will kill the mortgage broking industry, erode competition, and drive mortgage rates up:
Buying a home in Australia is difficult enough, what with our sky-high prices, monstrous stamp-duty obligations and ever-tighter lending criteria…
