A number of lenders are said to have made bids to acquire around $2bn in loans being sold by Investec.
A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.
The MFAA has announced a record line-up of 59 finalists for its 2014 MFAA National Excellence Awards.
A major bank is undertaking a sweeping review of its mortgage products after a glitch forced it to refund $70m to 235,000 home loan customers.
The majors have slammed claims older borrowers are being unfairly denied credit, claiming policies are in place to protect borrowers.
Global credit ratings agency Fitch Ratings has warned Australian banks face a more challenging environment in 2014.