New inquiry into home loan market
05/06/08 12:05 PM
THE Federal Government has ordered an inquiry into
the home loans market with a view to increasing
competition between banks and non-bank
lenders.
The House of Representatives Economics Committee is embarking on an examination of competition in the banking and non-banking sectors with a particular focus on home mortgage products.
"We need to open up competition in the retail banking and non-banking sectors, demystify the number of home mortgage products available and offer a wider choice to the consumer," committee chair Craig Thomson said.
"The committee's inquiry will focus on developments on home mortgage products, their providers and the current state of the industry."
Clcik here for full story
The House of Representatives Economics Committee is embarking on an examination of competition in the banking and non-banking sectors with a particular focus on home mortgage products.
"We need to open up competition in the retail banking and non-banking sectors, demystify the number of home mortgage products available and offer a wider choice to the consumer," committee chair Craig Thomson said.
"The committee's inquiry will focus on developments on home mortgage products, their providers and the current state of the industry."
Clcik here for full story