The banks clearly have a real interest in opening up this area to competition. I'm trying to figure out what they have to gain from it, or how they can get away with saying that they will make sure that competition will protect the consumer and ensure that all regions are covered and all income groups are covered, when in fact the banks themselves have abandoned whole communities.
On what basis can the banks make this kind of assertion? How can they then be the main player in terms of mortgage insurance? Where do consumers turn, then?