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SYDNEY - ANZ today announced it had completed the review of strategic options for its wholesale mortgage distribution business Origin Mortgage Management Services, and in light of market conditions has decided to retain ownership of Origin in the period ahead.
Origin provides third-party branded residential loans to 25 mortgage managers around Australia and another five in New Zealand.
The wholesale business has around 40,000 loans worth A$7 ($8.33) billion on its books.
- REUTERS/AAP
