According to the Reserve Bank of Australia, the major banks have increased their share of the Australian mortgage market from 61% of all home loans issued in mid 2007 to 82% of all approved owner-occupier loans in February 2009.
The RBA said that the limited ability of some lenders to access mortgage backed securities was still hampering their lending programs. The federal government has issued $4.75 billion in debt to lenders since establishing the Australian Office of Financial Management last year.
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