The consumer’s mortgage dollar is being fiercely fought over by banks in what could be the biggest battle in two decades, one industry expert has said.
The decision of some banks to leave the broker channel during the GFC has left many cautious about dealing with them again, despite reassurances the banks are here to stay.
Off the back of strong growth in Macquarie’s mortgage portfolio the bank has announced plans to bolster its relationships with brokers and intermediaries.
A number of lenders are said to have made bids to acquire around $2bn in loans being sold by Investec.
A non-major has announced the appointment of a new independent non-executive director.
The MFAA has announced a record line-up of 59 finalists for its 2014 MFAA National Excellence Awards.