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ANZ growing mortgage marketshare

25/02/2010

At December ANZ was the number one lender on the Mortgage Choice panel of lenders, followed by Commonwealth Bank and ING Direct (which increased its share by 42 per cent over the previous corresponding period and jumped from sixth position on the panel).

Other big movers were Homeside (now NAB Broker), which doubled its share, and BankWest, which increased its share by 26 per cent. In the past six months the group has lost Rams but has gained CUA (the first credit union it has had on its panel for two years) and Macquarie Group.

Mortgage Choice chief executive Michael Russell said yesterday that “Lenders are jockeying for position.”

Source: Banking Day



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