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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”.
“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.
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Published: 20-10-08
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