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Wayne Ormond
News and interviews on Wayne Ormond including trends, features, blogs and community conversations from an Australian business perspective.
ACCC launches legal action against Refund Home Loans alleging false and misleading statements
Federal Court proceedings have been launched against Refund Home Loans, with allegations founder Wayne Ormond mislead franchisees by suggesting he had a “special relationship” with the ACCC.
ACCC launches legal action against Refund Home Loans alleging false and misleading statements
The Australian Competition and Consumer Commission launched Federal Court proceedings against Queensland-based mortgage broker Refund Home Loans, alleging that its founder Wayne Ormond mislead franchisees by suggesting he had a special relationship with the ACCC.
Mortgage broker body expels 1,500 members
The Mortgage and Finance Association of Australia has cancelled the membership of 1,500 members for failing to meet a requirement to achieve a Certificate IV in financial services.
Refund Home Loans
When Wayne Ormond launched Refund Home Loans in April 2004 his unique business model centred on the promise to refund a share of its commissions to customers, to say ‘thank you' to those who had trusted the company with their biggest financial commitment - their home loan.
Mortgage brokers welcome new lending rules but warn of red tape burden
Mortgage brokers welcome ASIC proposals which clamp down on lending criteria, but warn businesses in the industry that they must be prepared to deal with a bigger administrative burden.
Refund Home Loans
Wayne Ormond launched Refund Home Loans in September 2003 after starting his career with the big banks where he became a successful lender of home loan products and services. But Ormond says he became disillusioned seeing his customers struggle with high interest rates and increasing bank fees.
