MFAA

Almost 70 per cent of mortgages in Australia were being written by brokers earlier this year, according to the MFAA’s latest Industry Intelligence Service report.

The significance brokers play in the loan space has been driven home in a recent submission to the Senate from the Mortgage and Finance Association of Australia (MFAA).

The association has released six recommendations to improve the home loan discharge process in its latest white paper report.

The industry body has outlined its areas of priority and recommendations for the government to consider for the upcoming federal budget.

Mortgage brokers have said serviceability issues are the primary hurdle for their clients looking to refinance, the MFAA’s new survey has found.