Mortgage brokers feeling the pinch - 2005-02-27
The downturn in the property market is not only hurting investors - mortgage brokers are having a difficult time too.

Research by the Market Intelligence Strategy Centre has found that rising interest rates and sliding sales have forced some brokers to the wall and sent customers back to the major banks.
According to MISC, just 351 brokers were active in the September quarter last year, compared with 500 in the same period in 2003.
Read the full story at Melbourne Herald Sun

Mortgage company owner to open bank - 2005-02-27
Before two of Birmingham's big banks looked for and found merger partners, before a crop of new institutions announced plans to open in town.

The Vestavia Hills resident began putting together organizers for the bank more than three years ago. It was a natural extension of Castle Mortgage Co., a business he founded in 1986. The savings bank will be able to provide loan programs not available through the mortgage bank.
Read the full story at Birmingham News