Login
ISCOVER
The MFAA has welcomed the news that the federal government is taking a renewed focus on supporting non-bank lenders to drive mortgage market competitiveness.
Last Friday, reports emerged that Treasury officials were considering new ways to support market competition, including the extension of the AOFM investment scheme from $8 billion to $30 billion.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Phil Naylor, MFAA CEO, said he appreciated the government’s recognition that more needed to be done to stimulate competition.
“Government intervention in the market is not ordinarily welcome or appropriate,” he said.
“But in such extraordinary times – when it’s clear that the Australian lending market is no longer operating competitively to the benefit of borrowers – it’s appropriate for the government to intervene with steps to improve competition.”
