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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30 Oct 2017

Non-bank loan book breaks through $9 billion (The Adviser)

Firstmac has added more than $1 billion to its loan book in just four months, taking it past $9 billion in mortgages under management.

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