Login
ISCOVER
The Commonwealth Bank has shut down online mortgage business HomePath after it failed to attract a sustainable rate of new customers.
A CBA spokesperson told The Australian Financial Review that HomePath had only represented “less than 0.5 per cent” of the bank’s total home loan book and was closed as a result of “limited take up”.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
“We will look at the HomePath product in the future when we have a more cost-efficient technology platform to support it,” the spokesperson said.
Published: 20-10-08
Today's other news
- RAMS stands by first home buyer campaign
- Auctions remain slow
- €10 billion government boost for ING
- NAB follows ANZ with rate cut
