Mys management of loans record is pretty good though. 60 and 90 days arrears figures are better than most. I guess they are playing to their strengths. So either their screening of non conforming loans is better or their management of that loan is better.
Shouldn't be news that they are looking to buy as it is their stated strategy to expand through acquisition. Their FUM business is looking to move to a bigger market but it would be hard to take the Tasmanian name interstate.
Not sure if this is the expansion opportity for them but they will definitely expand. And the FUM section is ripe for expansion in vic and nsw where they have a small client base with home loans. Vic especially
Plenty of opportunity to cut costs for la Trobe with integration into my states corporate structure and adds a bit of stretch to the existing workforce down in tas.
Mys management of loans record is pretty good though. 60 and 90...
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