The new Rams (Westpac owned) has mostly the same products as the old Rams (now RHG) did. As some posters mentioned above, they were/are excellent products. Rams is still one of the only lenders doing 100% loans at 5.89% and lo doc at 6.89% (before the cut) with only ABN required for 2 yrs , hence the delay brokers are having with Rams at the moment.

PosEnter, yes RHG fund there money from overseas. This has always been the RHG model when Kinghorn owned the company. Things were going gangbusters right before the float, they had too many applications for them to handle and needed to grow. You have to wonder though how they didn't see the collapse coming with funds coming from overseas. Instead the staff all buy shares and the owner runs off with $500mil or whatever it was.

The only hope we have is if RHG get sued. Which one women is already doing.

http://business.theage.com.au/business/woman-sues-over-fees-and-rates-20081209-6ugf.html

Solidgoldinvestment pretty much sums it up in his post also….