February 10, 2010
The heat is on
Will competition in the mortgage market heat up in 2010? If so, non-bank lenders might get their fingers burnt
BY CHARIS PALMER
Australia’s credit unions and building societies are preparing to take on non-bank lenders as competition returns to the market in 2010. But some say it will be a tough challenge for mutuals to gain share as the big four banks become more competitive and continue to gain access to funding at lower rates.
Written by: Charis
Filed Under: Mutual Monitor, Retail Banking Review
Tags: community banking, cost of funding, mortgage competition, mortgage market, mutual sector, non-bank lending
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