Small fry ensure mortgage rebound underway: CoreLogic
"A healthy rebound" is underway in the supply of new home loans, with at least one record day recorded by CoreLogic RPData in its mortgage platforms.CoreLogic is one of the principal suppliers of desktop valuation tools to mortgage financiers in Australia - and the enquiry flow through its systems is a proxy for the market.Craig MacKenzie, executive general manager, banking, at CoreLogic RP Data, told Banking Day "we saw strong activity in February, not to the degree of February [and autumn] 2015; we're five per cent down on last year."The key message would be February and early March has seen a strong rebound in activity, a lot coming from non-majors in the last six weeks."