Get notifications in real-time for staying up to date with content that matters to you.
Challenger Financial Services Group’s mortgages under administration and advice rose to $68.150 billion in the September quarter it announced in an update to the ASX yesterday.
This compared to $26.263 billion in the June quarter and was the result of its acquisition of the remaining 85 per cent of PLAN.
In contrast, Challenger’s own mortgages under management fell by 4 per cent during the quarter to $20.8 billion.
The lender said this reflected a “continued strategy to lower volumes while the outlook for term funding markets remained constrained”.
Published: 21-10-08
Today's other news
Brokers wrote half of FHLDS loans
The latest figures for the FHLDS suggest that brokers assisted in...
Low repayment loan for brokers launches
Specialist lender TrailBlazer Finance has launched a new low repa...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
