What Will The Retail Mortgage Market Look Like In 2010?

What Will the Retail Mortgage Market Look Like in 2010?

Sydney, Australia December, 2009

In the last 12 months Australia's retail mortgage market has seen unprecedented volatility spurred on by Federal home loan grants, reduced cash rate, tougher lending criteria, and a shrinking real estate market. Subsequently, lenders have focused on streamlining their mortgage processing to remain competitive and reduce operating costs. So, what will the retail mortgage market look like in 2010?

Data released by Mortgage Choice shows that although the majors still write a majority of business, there is a clear swing back to non-bank lenders. Over the last year banks outside the big four have recovered from a 21 per cent share to an estimated 34 per cent share in Q1 2010 *

In other reports - the Westpac-Melbourne Institute Survey (released earlier this year) showed Australians have never felt more optimistic about our economic outlook.

Whilst this positive news points to economic recovery, the mortgage market must remain focused on expenditure reduction in order to stay competitive and maintain a presence. For the past five years, IQPC Australia's Mortgage Processing 2010 has been synonymous with the critical factors to improve operational efficiency and effectiveness through the automation of the mortgage application, assessment and approval process.

Mortgage Processing 2010 will evaluate the economic trend outlook and its impact on the Australian mortgage market. The conference will bring together over 25 expert speakers including; Bill Evans (Westpac), Michael Blythe (Commonwealth Bank of Australia) and Warren Hogan (ANZ).

* Source: http://tinyurl.com/y855rgu

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IQPC produces more than 1,500 events annually around the world, and continues to grow. Founded in 1973, IQPC now has offices in major cities across six continents including: Berlin, Dubai, London, New York, Sao Paulo, Singapore, Stockholm, and Sydney -- with additional openings scheduled for 2008. IQPC leverages a global research base of best practices to produce an unrivalled portfolio of conferences.

For all media enquiries, interview requests or further information contact:

Chris Archer
Online Communications Manager
IQPC Australia
Ph: (02) 9229 1045
Email: [email protected]


SOURCE: IQPC Australia