Westpac buys RAMS franchise wounded by credit squeeze

  • 05 Oct 2007

Westpac announced on Tuesday that it would acquire the RAMS mortgage origination and servicing business for A$140m in cash.

However, it is not acquiring the ASX-listed RAMS Home Loans Group or the A$14bn existing home loan book, which will be run off or sold.

Through the deal, Westpac will get ...

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