St George cuts brokers’ commissions – ST GEORGE Bank will cut commissions to mortgage brokers that don’t sell an agreed percentage of the bank’s mortgages. ST GEORGE Bank will cut commissions to mortgage brokers that don’t sell an agreed.
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Foreign and local borrowers hit by Westpac credit shake-up – Intermediaries, such as mortgage and finance brokers. up is the latest round of tightening by Westpac and its subsidiaries – Bank of Melbourne, St George Bank and BankSA – which in recent months.
The organisations have been pinpointed as the most likely to be impacted by the changes to how mortgage brokers are paid. previously at CBA and St George. Suncorp shareholders are known to be.
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Westpac commission ‘review’ outrages mortgage brokers – Three of the group’s mortgage broker bosses, including Westpac’s Tony MacRae and St George’s Malcolm Withers, have written to mortgage "aggregators" – companies that represent thousands of brokers -.