Macquarie Group’s Limited
(ASX:MQG) home loan book has more than doubled to $9 billion in the past year, according to media reports.
The value of Macquarie's home loan book increased by 123 per cent from $4.04 billion to $9 billion in the year to July, figures from the Australian Prudential Regulation Authority show.
This year it has expanded by 60 per cent.
The rise comes after Macquarie last year teamed up with Yellow Brick Road, supplying its white-label loans and taking a 10.5 per cent stake in the business.
Other brokers also reportedly noted a sharp rise in customers taking out Macquarie-branded home loans.
Macquarie generated a net profit of $872 million in fiscal 2013.
