this post was submitted on 23 Sep 2024
15 points (94.1% liked)

AusFinance

990 readers
18 users here now

founded 1 year ago
MODERATORS
lodion@aussie.zone
Los@beehaw.org
15
Three in four home loans are written by mortgage brokers, infuriating banks and delighting customers (www.abc.net.au)
submitted 1 month ago by zero_gravitas@aussie.zone to c/ausfinance@aussie.zone
3 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] zero_gravitas@aussie.zone 4 points 1 month ago (1 children)

If it was simple and clear, only the lowest rate would get any business.

The big 4 banks don't want that either, though.

I don't believe the big banks are "infuriated". The current situation is no doubt the best situation it's possible for them to effect. They could, as you point out, change their own processes, and they've got a lot of market power they could use to change other things as well. But they haven't.

[โ€“] hitmyspot@aussie.zone 2 points 1 month ago

Exactly. So who framed the story this way? Where did the stats come from?