Home loan borrowers snub banks

Original article by Michael Bleby
The Australian Financial Review – Page: 17 : 25-Aug-17

Mortgage Choice has reported a 2016-17 net profit of $A22.2 million, up 13.5 per cent. Mortgage Choice’s shares were trading up three per cent at $A2.36 on the back of its result, while it declared a fully franked dividend of $A0.09 per share. Mortgage Choice’s loan book rose by 3.2 per cent to $A53.4 billion over the year, while CEO John Flavell commented that non-bank lenders had increased their share of Australia’s home loan market over the period.

CORPORATES
MORTGAGE CHOICE LIMITED – ASX MOC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, MACQUARIE SECURITIES PTY LTD

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