Q1 mortgage stats

Big Banks reveal Q1 mortgage stats This is what brokers need to know about the mortgage performance of the big banks that don’t operate in the broker channel – related with Q1 mortgage stats. RBC Royal Bank’s outstanding residential mortgage loans accounted for $245.6 billion as at January 31, 2016 – up from $234.2 billion as at October 31, 2015. The biggest of the big banks credits its residential mortgage portfolio with spurring its overall loan growth. “Loans were up $68 billion or 15%, largely reflecting our acquisition of City…

New competitive arenas

Stepping into New competitive arenas to improve you trading skills Brokers interested in business growth should view the expansion of their business as a series of measured steps, which is exactly the theme we are covering in this blog series. The first step you should take, according to leading consultancy McKinsey & Co, is to consider new competitive arenas. It’s easy to grow comfortable with what you have and to resist change or expansion, but it’s impossible to achieve significant growth without stepping out of your comfort zone and into…

Join the SME lending revolution

Alternative finance providers have sparked a revolution in SME lending, according to a global fintech lender, and in a cooling residential property market it is more important than ever for brokers to keep up. Lachlan Heussler, managing director of Spotcap Australia, said the SME lending sector has seen the most significant disruption from alternative finance players. “Once an oligopoly, there are now more than more than 20 key players in Australia’s lending market. Many are concentrated in the SME lending space, where we have arguably seen the most disruption. “The…