Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1221 - 1230 of 2203 results for "Mortgage"

RMBS market low risk and high return: Aberdeen

MICHAEL HOBBS  |  THURSDAY, 24 JUN 2010
Aberdeen Asset Management is tilting its local fixed income portfolios toward Australian residential mortgage-backed securities (RMBS) to capitalise on wide spreads in the "bullet proof" asset class. Victor Rodriguez, head of fixed income at Aberdeen ...

Investors turn to rev mortgages for income

MICHAEL HOBBS  |  TUESDAY, 22 JUN 2010
Australians are taking out a reverse mortgage to provide extra income, instead of using the extra funds to refurbish their house or go on holidays, a report found. Kevin Conlon, chief executive at the Senior Australians Equity Release (SEQUAL), said ...

NY firm defrauds billion dollar CDOs

RUTH LIEW  |  TUESDAY, 22 JUN 2010
... dollars. Thomas Priore, owner and president of ICP Asset Management, was alleged to have directed the activities, when mortgage markets came under pressure three years ago during the GFC. Priore and his companies also improperly obtained tens of millions ...

Securitor tags AFG for mortgages

COMPANY RELEASE  |  MONDAY, 21 JUN 2010
Planning group Securitor has appointed Australian Finance Group as the provider of mortgage aggregation services to advisers. The deal will see AFG provide mortgage aggregation services to Magnitude and Securitor advisers. "Advisers should be identifying ...

Count expands lending

MICHAEL HOBBS  |  FRIDAY, 18 JUN 2010
Count Financial is pushing ahead with its lending expansion plans despite calling off talks with Mortgage Choice three months ago. Andrew Gale, chief executive and managing director at Count, said given the group's practices are primarily accounting ...

US Commission subpoenas Goldman Sachs

RUTH LIEW  |  TUESDAY, 15 JUN 2010
... and marketed a synthetic collateralised debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). It is alleged the firm failed to disclose vital information to investors about the CDO, in particular ...

Mood change

BENJAMIN ONG  |  FRIDAY, 11 JUN 2010
... would have to fall a long way to push borrowers "under water", owing more than the value of their house. The average mortgage is for less than 50% of the value of a home..." And that, " The ratio of housing loans to GDP is still only 15.3%, compared ...

Direct property with a social conscience

MICHAEL HOBBS  |  WEDNESDAY, 2 JUN 2010
A social finance group has launched a direct property investment strategy with a difference, allowing wholesale investors to gain a return while also assisting community aid organisations. Social Investment Australia's Community Investment fund invests ...

Up, down and round and round

BENJAMIN ONG  |  THURSDAY, 27 MAY 2010
... jump in the previous month. Admittedly, the expiry of the homebuyers tax credit in April had a hand in this. But falling mortgage rates should aid in sustaining demand in the coming months. Yes, everything was going well until... The Financial Times ...

US consumers to the rescue

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2010
... now paying their bills on time. Associated Press (AP) reported that delinquency rates for auto loan, credit card and mortgage payments fell significantly in the first quarter. And after sorting out their debts, very soon (if not already), consumers would ...