Opinion
Banks are at war with each other, not mortgage brokers
The major lenders’ market share is not being “taken” by the mortgage broking industry. It is being taken by more than 100 other lenders in the market.
Anja PannekCEO of Mortgage & Finance AssociationOver recent weeks, there has been a rush of headlines about banks being “at war” with mortgage brokers. These headlines are misguided.
They also ignore the most important player in this “war”: Australian borrowers.
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Anja Pannek is chief executive of the Mortgage & Finance Association of Australia.
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