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Bankwest

International

Australian Lenders Abandon Reverse Mortgages, Government May Prepare Entry

By Chris Clow | January 8, 2019November 3, 2020
Skyline of Gold Coast, Australia visible from a nearby beach.

Echoing decisions among several large U.S. banks that decided to exit the reverse mortgage business in recent years, a number of banks in Australia are now doing the same, including the nation’s largest lender, the Commonwealth Bank. This may prove to pave the way for the Australian government to enter the fray with a low-cost […]

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