Everytime a house changes hands, banks and mortgage brokers WIN. House prices going up or down does not affect the Banks, they affect consumers. House price goes down, more first home owners, house price goes up, investors become interested in selling for profit.......etc. The mortagage industry should be fool proof. MOC price is down because of a scandal with regards to their treatment of their franchisees, thats been rectified. The RC report wants to ban trailing commissions and the market thinks brokers will go out of business LOL. look at Netherlands , consumer pays a fee to the broker , im sure the lender will also reward the broker for choosing them.
MOC Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
