Mortgage News

New owners for Wizard?

Wednesday 28th of May 2008
Reports are circulating that GE will either sell or put Wizard into a joint venture or form some sort of strategic alliance.

The proposals, which have been confirmed by Wizard, relate just to the home loans business in New Zealand and does not impact on the wholesale funding Wizard's parent provides to many non-bank lenders.

Wizard has around 30 branches in New Zealand, which is down fr...

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