Mortgage Broker Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
AFG | D | Australian Finance Group Ltd | 0.00 | |
BBC | B | BNK Banking Corporation Limited | 0.00 | |
BEN | B | Bendigo and Adelaide Bank Ltd | 0.00 | |
CAF | C | Centrepoint Alliance Limited | 0.00 | |
HLI | C | Helia Group Limited | 0.00 | |
LFG | D | Liberty Financial Pty Ltd | 0.00 |
Related Industries: Asset Management Banks - Regional Banks - Regional - Australia Credit Services Insurance - Specialty Mortgage Finance
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
RDV | C | Russell High Dividend Australian Shares ETF | 3.16 | |
VSO | B | Vanguard Msci Australian Smal ETF | 1.5 | |
MVB | B | Market Vectors Australian Banks ETF | 1.47 |
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- Mortgage Broker
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.
Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today, (especially in Canada, the United States, the United Kingdom, Australia, New Zealand and Spain), mortgage brokers are the largest sellers of mortgage products for lenders.
Mortgage brokers exist to find a bank or a direct lender that will be willing to make specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications.
Many mortgage brokers are regulated to assure compliance with banking and finance laws in the jurisdiction of the consumer. The extent of the regulation depends on the jurisdiction. Only one state within the United States has no laws that govern mortgage lending.
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