Login
ISCOVER
Consolidation has been tipped once again as the future for mortgage lenders The Advertiser reported today.
Raine and Horne Financial Services general manager Gary Benzan said the flow-on effect of the US sub-prime crisis was changing the lending landscape in Australia and that mortgage providers would be forced to merge.
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.
“What we are seeing is quite likely a process of natural selection,” he said.
According to Mr Benzan, smaller mortgage managers will be forced to review their business models and improve competitiveness to survive.
Published 12-02-08
