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Showing 321 - 330 of 2171 results for "Mortgage"

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
... audited financial accounts and failing to maintain an AFCA membership. Victorian-based financial services provider and mortgage broker Direct My Wealth Pty Ltd and Robert Bayntun Starky, a financial services provider based in Stanwell Tops have had their ...

ASIC takes action against Equiti

KARREN VERGARA  |  FRIDAY, 21 MAY 2021
... arranged by Equiti Property, which is also a subsidiary of Equiti FS's parent company Equiti Group. The group also had a mortgage broking business Equiti Finance. ASIC alleges that the bonus payments influenced the financial product advice provided or ...

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... voluntary contributions. In total, super funds released $36.4 billion during 2020. Most of this went towards the rent or mortgage, and household and credit card bills. According to the Australian Bureau of Statistics, the average withdrawals were $7728 ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... Budget will bring more dollars to Australians' pockets, but with 37% of homeowners (not counting investors) with a mortgage, according to McKinsey's February 2020 report (more now I would imagine), extra money would be used towards servicing ...

Loomis Sayles wins super fund mandate

KARREN VERGARA  |  FRIDAY, 14 MAY 2021
... asset-backed securitised strategy aiming to achieve returns of cash plus 2% to 3%. Based in Boston, Loomis Sayles head of mortgage and structured finance Alessandro Pagani will oversee the mandate. "We are so pleased to manage this mandate for Statewide ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... that borrowers under the PLS will not owe more than the market value of their property. The PLS is similar to a reverse mortgage and is available to assist older Australians who wish to boost their retirement income by unlocking equity in their real ...

Housing market reaches new heights

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
... property ladder, the continued strength in the market is putting home ownership further out of reach despite record low mortgage rates. Wages growth simply isn't keeping pace," Owen said. The increase in housing values comes following CoreLogic's 2020 ...

Chief economist update: The Fed and Australia

BENJAMIN ONG  |  TUESDAY, 4 MAY 2021
... start talking about adjusting those purchases [the Fed's US$120 billion monthly purchases of US Treasuries and agency mortgage-backed securities] while at the same time repeating his expectation that the US central bank will have to start raising ...

Crescent Finance launches real estate funds

KANIKA SOOD  |  MONDAY, 3 MAY 2021
... Reuters' global head of Islamic capital markets. "Such providers have been around for many years and in effect are mortgage broking firms with a twist and do not pass the basic smell test on 'where did you get your money from?' Crescent Finance ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... up its digital transformation. Westpac has already sold Vendor Finance, Westpac Pacific, General Insurance and Lenders Mortgage Insurance. The remaining businesses to be sold include Westpac Life Insurance, Auto Finance and its superannuation, platforms ...