As per the information detailed in the press release, Chetwood completed the acquisition of CHL Mortgages from Barossa Asset Purchaser Sarl after entering a competitive bidding process. During this, Chetwood, CMI, and Barossa aimed to ensure a simplified transition between owners, with the mortgage lender continuing to operate as usual with no planned downtime or impact on its operations. Additionally, the current move intends to allow Chetwood to expand its mortgage loan book, especially its reach within the mortgage intermediary market.
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