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Acquisitions and new financings reshape home lending industry.

The Australian home mortgage business is undergoing a spate of acquisitions, new financings, securitizations and product launches. To meet the increasingly sophisticated needs of consumers, BankWest, FAI and Wespac all have introduced new mortgage products. National Australia Bank made an A$1.7 billion acquisition of HomeSide Inc. in the US. Two issues of mortgage-backed securities worth A$480 million were launched by Colonial State Bank and Commonwealth Bank.

THE UNBUNDLING of the Australian home loan industry has gained momentum with a $1.7 billion acquisition by National Austral

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