Second-tier lenders lost much of the market share they gained in late 2013 as the big four took advantage of record January mortgage figures.
Non-major lenders tripled their market share of new fixed-rate loans in the final quarter of 2013, the latest statistics show.
Lenders, aggregators and brokers have hit back at accusations by consumer spokesgroup CHOICE that "lax" lending standards and high LVR loans are putting consumers at risk.
The big four banks managed to scrape a slightly higher proportion of home loans in the final month of 2013, but market share continues to track below historical levels.
At Australian Broker, we love a bit of healthy discussion, which is why we honour our favourite comment each week with a lofty little title. Drum roll please...
Lender competition for broker market share has never been stronger, say industry leaders, and both brokers and their clients are reaping the benefits.