Originations flagging for mortgage bellwether
The August 2008 sales volumes for Australian Finance Group, at $1.9 billion, was the lowest level of sales for the country's largest mortgage aggregator since December 2006, with the total value down over a third on the $3 billion achieved in August 2007. Reading the data may be complicated. AFG may be a bellwether of the wider decline, or the lower volumes may be peculiar to the business model of aggregators.
Source: The Sheet