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Aussie Home Loans sells National Mortgage Brokers to Liberty Financial

Aussie Home Loans, a trademark of AHL Investments Pty. Ltd., sold National Mortgage Brokers Pty. Ltd. to nonbank lender Liberty Financial Pty. Ltd., The Australian reported Aug. 2.

The acquisition expands Liberty Financial's distribution capabilities, said Liberty Financial's CEO, James Boyle. He did not give further details about the deal.

National Mortgage Brokers has a loan book worth A$14 billion, according to the report.

Aussie Home Loans is a partly-owned subsidiary of Commonwealth Bank of Australia.

As of Aug. 2, US$1 was equivalent to A$1.25.