Why the Banking Royal Commission Hits Mortgage Brokers Harder than Banks

Why the Banking Royal Commission Hits Mortgage Brokers Harder than Banks. Whats the difference between a Mortgage Banker, and a Mortgage Broker?

Why the Banking Royal Commission Hits Mortgage Brokers Harder than Banks video duration 4 Minute(s) 33 Second(s), published by The Daily Reckoning Australia on 08 02 2019 - 03:24:54.

https://www.dailyreckoning.com.au/hayne-review-slaps-banks-on-the-wrist/2019/02/05/ Hayne's findings suggest ending trailing commissions for mortgage This is how you shop lenders and dominate! Follow this advice and you will get the best deals on the market! #refinance #mortgage #loanofficer Subscribe and .

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https://www.dailyreckoning.com.au/hayne-review-slaps-banks-on-the-wrist/2019/02/05/

Hayne’s findings suggest ending trailing commissions for mortgage brokers on all new loans. And over the next two to three years, Hayne recommends the end of the banks paying brokers. Instead, customers should pay upfront in a ‘fee for service model’.

In the report, Hayne points to 24 cases of criminal misconduct, some of which may be aimed at the banks or individuals. National Australia Bank has copped the brunt of Hayne’s wrath.

However, in a plot twist, Hayne has recommend that all 24 cases of criminal misconduct be followed up by APRA or ASIC for ‘further investigation’.

This in itself is hilarious.

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