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Aussie valued at $213m

Commonwealth Bank yesterday disclosed that it paid $71 million to buy a one-third stake in Aussie Home Loans late last year.This values the mortgage aggregator (and also mortgage funder) at $213 million.This is still about one third more than the current market capitalisation of Mortgage Choice and was roughly two times the market cap of Mortgage Choice at the time CBA agreed to buy into Aussie.How Aussie and CBA dispersed this investment - for example, split between investment in Aussie as opposed to buying equity from John Symond as the owner - is not clear.Some of the $71 million may be follow up investment by CBA to assist Aussie buy Wizard Home Loans from GE Money, undertaken earlier this year.

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