Login or request a free trial

Correction: GE Money and Wizard Home Loans

The home lending changes GE Money announced on Wednesday relate to GE Money's Third Party Solutions business (which provides loans through brokers, originators, aggregators and GE Money branches), not Wizard, as reported today. Third parties do not write Wizard loans, and Wizard will continue to provide prime loans direct to borrowers.The only change announced that relates to both Third Party Solutions and Wizard is the suspension of fixed rates. Similarly, it is GE Money Third Party Solutions, not Wizard, which offers non-conforming loans through brokers.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day