Comments on: Major Banks to ignore RBA, says Loan Market Group

By: A

Wed, 15 Jul 2009 04:53:47 +0000

If banks want our business Insider, why then are they making it sooooo hard?????????

By: insider

insider — Tue, 14 Jul 2009 11:58:32 +0000

Ladies and Gentlemen , the Banks want your Business.

I have heard it from the highest level.

I am sorry ,but Mortgage Brokers will either do their job for love,or go the way of the “dodo”

Just sit and wait what this financial year presents to you.

Don”t use the big 4,and maybe,just maybe you can survive.

By: BBB

BBB — Tue, 14 Jul 2009 03:33:05 +0000

All we need to realise is thew banks are PUBLIC companies , they are driven by shareholders return and thus share price results , I have no doubt that the signals are they still have some “toxic” write offs to go (particulary the NAB after APRA have been in discussions with them) .
Tha capital raisings of the last few months are a clear indication they needed to strengthen their balance sheets, and it will be profit and a desire to maitain a position on market share while still making the desired margins to achieve profit, and not what the RBA or The federal goverment says that will set their rates.
What can we as brokers do - DEAL WITH THE ALTERNATIVES AS MUCH AS POSSIBLE, do not be lazy, give your deals when you can to the non bank & regional sectors that will bring back the market to where it should be . we as brokers have enomorous market power use it fellow brokers or lose your clients ever so slowly to the big 4.

By: Sick and tied of all the negatives

Sick and tied of all the negatives — Tue, 14 Jul 2009 02:13:16 +0000

I think Mr Kolenda is doing the Banks job for them, spreading scare mongering comments. “Yes” the banks will increase their variable rate, but why would anyone in the right mind fix at 6.39%? History tells us, that the variable rate is a better option over the period of the loan.

I would like to know where Mr Kolenda received his information from?
Lets tell everyone, the world is really flat? Do you think they would believe? “Yes” fixed rates are good for the aggregators book, but not for the customer.

The landscape has changed, this is where the Government should be steping in and giving the Banks a wack, but they are Governed by the Banks. The Government are intimidated by the Banks.

By: Major Banks to ignore RBA, says Loan Market Group | Lending … | Loan References

Mon, 13 Jul 2009 20:45:53 +0000

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