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Mad Macquarie kills Bank of Mum and Dad

March 20, 2019 - 00:06 -- Admin

Via the AFR: Macquarie Bank is axing popular “Bank of Mum and Dad” financing and borrowing for self-managed super fund investment property as it continues to overhaul its residential property operations. The bank, which recently announced it was no longer underwriting new “home-branded” loans for several household-name lenders, stopped offering family loan guarantees on Monday

The post Mad Macquarie kills Bank of Mum and Dad appeared first on MacroBusiness.

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