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Showing 1021 - 1030 of 2203 results for "Mortgage"

ING Direct prepares for retail super foray

MELANIE TIMBRELL  |  TUESDAY, 24 JUL 2012
... growth over coming decades, flagging a coming "land grab" in market share for superannuation and life insurance ''What mortgage share has been to banks over the past 20 years, we think the growth in wealth will be to banks over the next 20," BT's Cooper ...

BT flags wealth "land grab"

MELANIE TIMBRELL  |  THURSDAY, 12 JUL 2012
... coming decades. ''There's a land grab going on for that market share in the next period of time,'' Cooper said. ''What mortgage share has been to banks over the past 20 years, we think the growth in wealth will be to banks over the next 20.'' Cooper ...

Perpetual sells mortgage business

BEN COLLINS  |  THURSDAY, 12 JUL 2012
Perpetual has reached an agreement to sell its mortgage processing business to FAF International Property Services Australia, an affiliate of First Mortgage Services. Plans to sell Perpetual Lenders Mortgage Services (PLMS) were announced as part of ...

Fractional prop trading platform gets AG backing

LINDA HAUSKEN  |  TUESDAY, 10 JUL 2012
... to an equity release scheme but done by selling equity units rather than borrowing money through a higher risk reverse mortgage structure. Provided the home owner holds at least 50% of the equity they will maintain control and the right to reside in ...

Dutch pension fund files against GSAM

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... Netherlands' largest pension fund, ABP in a bid to claim back losses which allegedly resulted from investments in residential mortgage-backed securities.

Provident Capital leaves 3500 investors in limbo

MELANIE TIMBRELL  |  FRIDAY, 6 JUL 2012
The collapse of Sydney-based mortgage lender and fund manager Provident Capital has left 3,500 retail investors at risk of losing more than $100 million. Phil Carter, Tony Sims and Marcus Ayres of PPB Advisory were this week appointed receivers of Provident ...

Gen Y's more financially independent

LINDA HAUSKEN  |  THURSDAY, 28 JUN 2012
... to fund their retirement. The survey also found that 30% of the respondents expect to retire still encumbered with a mortgage and 41% of those retiring with a mortgage expect to repay it only by selling their property. "It has been traditional in this ...

Market Wrap

AAP  |  TUESDAY, 26 JUN 2012
... Bank of Australia assistant governor (financial markets) Dr Guy Debelle is due to take part in a panel discussion at the Mortgage and Finance Association of Australia Industry Leaders Panel Forum in Adelaide. No major equities news is expected. In Australia ...

Perpetual to slash 40% of workforce

BEN COLLINS  |  MONDAY, 25 JUN 2012
... reduced, with 150 full time positions outsourced, and a further 145 workers cut. The restructure will include the sale of mortgage processing business Perpetual Lenders Mortgage Services (PLMS), which employs 280 full-time workers. A significant portion ...

Census 2011: Australia is changing, and fast

ALEX DUNNIN  |  FRIDAY, 22 JUN 2012
... nothing more than fuel demand against this limited supply, so the average household now spends 34% of their income on mortgage payments compared to just 26% in 2001 notwithstanding lifestyle enhancement factors are partly to blame as well. Reflecting ...