In a further sign that Westpac is finding it tougher to fund new loans, they have today withdrawn their subsidiary - RAMS, from the broker market.
Mind you, they are a small player really, due to their crappy level of service and less than competetive loan products, so won't be missed by most brokers anyhow.
Their other subsidiary, St George has today confirmed their ongoing commitment to the Broker channel as has Westpac themselves.
It's just that Westpac now want to write fewer loans, and want only to write "gold brick" type loans.
Fortunately, there is still a lot of competition in the market place, so there are still may options out there.
Brad
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