Reverse mortgages the future for Australian securitization

ABN AMRO makes its second foray into reverse mortgages in a month, suggesting these equity release loans will become the next to be securitized.

Cherie Marriott

November 23, 2005

ABN AMRO's private equity business in Australia has purchased a 39.2% stake in non-conforming lending specialist, Bluestone Group. The deal comes just a week after ABN AMRO's wholesale bank launched its own reverse mortgage product called Home Equity Access to be sold through financial advisors.

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