Borrowers risk larger rate hikes from non-banks


The growth of non-bank lenders in the home loan market is potentially exposing more borrowers to faster and bigger rate hikes, according to a new study by the central bank.

On-bank financial institutions (NBFIs) have expanded significantly in the mortgage market in recent years, acquiring loan portfolios from banks and making aggressive sales through the influential broker channel. Borrowers risk larger rate hikes from non-banks

Fry Electronics Team

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