Markets

Shares in Australian mortgage broking companies are getting destroyed

Shares in the major banks on the Australian share market are surging today, in a “relief rally” following the release of the final report of the financial services royal commission. But mortgage broking companies are getting annihilated. The business model for mortgage brokers that involves taking commissions from banks on […]
Shares in Australian mortgage broking companies are getting destroyed
Tech

CommSec founder Paul Rickard is investing in HashChing and joining its board

CommSec founder Paul Rickard and finance media figure Marty Switzer are joining the board of Australian online mortgage marketplace startup HashChing after joining in the company’s $6 million capital raising round. “The HashChing business model of connecting home loan borrowers with customer reviewed brokers and the best rates is unique, […]
CommSec founder Paul Rickard is investing in HashChing and joining its board