Non-banks in funds fight for bigger slice of mortgage market (The Australian)

Non-banks are stepping up efforts to get more access to cheaper funding by taking their push to Treasury, with the aim of better competing against the big banks on mortgage pricing.

During the COVID-19 turmoil the banks have had access to the Reserve Bank’s $200bn term funding facility, which smaller lenders say is tipping the scales too much in favour of the larger incumbents.

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13 Nov 2017

Brokers ‘are working harder than ever’ (The Adviser)

A new report reveals that non-bank lenders including Firstmac have increased their market share and gained further traction with the third-party channel.

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