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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Non-banks set to boom thanks to APRA crackdown on property investors

Smaller mortgage lenders are queuing up to take a bigger slice of the the big banks' hefty profits from home loans, as banks are forced to tighten the screws on landlord borrowers.

As Westpac and Suncorp became the latest banks to raise interest rates for investors on Friday, the country's biggest non-bank lender, Firstmac​, said it was seeing early signs of a surge in demand for property investors.- Sydney Morning Herald- view article