13 June, 2016: New consumer research has uncovered a serious mortgage literacy problem in Ireland, with
almost seven in ten consumers not knowing how much interest they will pay a lender over the life of a
mortgage. When asked to calculate the Loan to Value (LTV) for borrowings of €200,000 on a house worth
€250,000, almost half (48%) answered incorrectly.
The research was commissioned by Mortgage Brain Ireland, the leading provider of mortgage software for
brokers, lenders and consumers, and the company behind the ‘IrishMortgages’app, Ireland’s first free
mortgage comparison and calculator app.
Mortgage Broker representative Group AEMA adopts common electronic mortgage trading platform and calls on
lenders to follow lead.
7 June, 2016: The Association of Expert Mortgage Advisors (AEMA), which account for almost 50 per cent
of all mortgage broker business in Ireland, has announced that its broker membership is going digital
and moving to a common electronic mortgage trading platform.
The move is part of AEMA’s industry
leadership initiative to target some of the €12 million in cost savings and productivity gains over the
next four years that both the mortgage broker and lender industry could achieve if all adopted an
industry standard.....