Macquarie leads the way in year-end mortgage land foreclosures

Macquarie and Commonwealth Bank are growing their mortgage books at a much faster rate than their rivals as increasingly competitive home loan prices and big cash incentives send the country’s biggest banks on the run at the end of the year.

Figures released by the Prudential Regulation Authority show mortgage books at at least one of the four biggest banks fell for the second month in a row, with the biggest winner being Macquarie, which added $1.9 billion to its loan balance in August alone.

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