Counting the costs of working in a downturn

Malle, Dev
November 2007
Mortgage Strategy;11/5/2007, p38
Trade Publication
The article reports on the risks faced by directly authorized (DA) brokers brought by the mortgage crisis in Great Britain. It states that there have been a growth in DA brokers joining the mortgage industry, despite the market condition. It shows that the crisis results to a lower income by brokers which results to a decline in turnover as well as poses threat to the companies' fixed costs. It suggests that cost control should be considered.


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