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Mid-November launch for Macquarie aggregator



29 October 2009 @ 11:00 am AEST

The Macquarie aggregation business is working towards a mid-November start date, Broker news has been told.

In response to yesterday's story (Macquarie aggregation: what's happening?) a source close to the deal confirmed the new aggregator was "still moving forward" with "key points being finalised".

"All the agreements are here. We are just going through the legalities," Broker news was told.

Besides the three aggregation groups already mentioned in media reports, Broker news understands there are "peripheral" discussions with two or three other groups about joining the business.

Related stories:

Macquarie Bank to create fifth largest aggregator - Macquarie Bank is set to re-enter the mortgage space, according to BusinessDaily.

A name for Macquarie aggregator? - Brokernews understands that Macquarie Bank is edging closer to launching its new aggregation business.

Broker News - Mortgage and finance industry updates for the mortgage broker professional. This article is copyright of brokernews.com.au

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