CBA and Bankwest axe reverse mortgages amid rising costs and tougher scrutiny

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  • CBA is in the process of streamlining its product portfolio. Duncan Hughes AFR Woodcut CBA and subsidiary Bankwest are axing reverse mortgages, the last of the major lenders to pull out of the $3.1 billion sector amid warnings of tougher regulation and rising costs. The banks will withdraw the […]

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