Call me cynical but the big 4 banks and AMP came out of this with a lot more skin intact than most of thought. Cutting out trail to mortgage brokers will be a huge savings to the banks. This will improve their margins. Changing the payment of fees/commissions structure such that the borrowers pay; will only stop most people from shopping around for the best deal via a mortgage broker. Loans will stick longer, again better for the lenders. Nothing really announced on vertical integration is interesting indeed.
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