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Showing 271 - 280 of 2171 results for "Mortgage"

Demand for retiree client book increases

KARREN VERGARA  |  SATURDAY, 1 JAN 2022
... licensee groups of 50 to 200 authorised representatives to be acquired by one bulk purchase continues to be evident. On the mortgage broking front, Radar Results found a steep rise in the price multiples buyers are willing to pay. The multiple for annual ...

IFM, Citi pour $300m into Household Capital

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... director and head of corporate banking Stella Choe added: "We are proud to partner with Household Capital, a leading reverse mortgage funder in Australia, to deliver much needed retirement funding to Australians, and help address the challenges faced ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Disgruntled Westpac shareholders rejected the remuneration report at the bank's annual general meeting yesterday. Twenty-nine percent of shareholders voted down adopting the remuneration report, marking the first strike. Should 25% or more shareholders ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
Prime Minister Scott Morrison has confirmed a reverse mortgage scheme for pensioners. During a radio interview with Spencer Howson, Morrison said the mid-year budget will include a cash access scheme for pensioners. "We've had a pension loan scheme ...

CBA, Northern Trust announce Green Repurchase Agreement

CHLOE WALKER  |  MONDAY, 13 DEC 2021
Commonwealth Bank of Australia (CBA) and Northern Trust have completed a $50 million transaction utilising a new Green Repurchase Agreement (Green Repo) as certified by the Climate Bond Initiative (CBI). A first for the Australian market, this certified ...

New head of strategy at Crescent Group

ELIZABETH MCARTHUR  |  MONDAY, 6 DEC 2021
Crescent Group has appointed Islamic finance expert Sayd Farook to the head of strategy role, based in Sydney. His appointment comes as the group launches a five-year strategic plan to grow its assets under management to $5 billion by the end of 2026. ...

Fund manager eyes $735m listing

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
... private equity funds. In 2009, the alternative fund manager established Arch Finance, a non-bank commercial real estate mortgage originator and lender for loans up to $6 million. Co-founder and managing director Andrew Schwartz said: "In many ways, we ...

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
... framework would not force banks to raise more capital but confirmed that it would impose higher capital requirements on mortgage lending deemed to be higher risk. APRA chair Wayne Byres said an unquestionably strong banking industry is central to the ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
La Trobe Financial has been fined for misleading investors in its $5 billion fund. The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for false and misleading marketing of the La Trobe Australian Credit Fund ...

Brokers warn of looming disaster

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... found 56% would have to refinance their home if rates rose and 57% could not afford a monthly increase in their rent or mortgage of $300. "Many Australians are clearly on the brink and are sleepwalking into disaster, living in the false hope that rates ...