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Showing 451 - 460 of 2172 results for "Mortgage"

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... deposit account and transaction account data with accredited service providers from July next year. While the sharing of mortgage and personal loan data will be delayed further to November. The competition watchdog said the updated timeline would allow ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... pace since the December quarter of 2008 (GFC days). Where have the dividends from Morrison's tax offset and reduced mortgage repayments go? They were saved! The household savings ratio jumped to 4.8% in the September quarter - the highest in 10 quarters ...

Stanford Brown acquires Sydney advice firm

KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
... practices to acquire. Stanford Brown's core business is private wealth but it offers ancillary services including mortgage broking, property buying and insurance. In the coming months, it will add tax and accounting services to this lineup.

Global fixed income trust launched

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... located in developed markets, as well as investing in emerging markets. "It invests in corporate government issuers and mortgage-backed and other asset backed securities, as well as investment grade and below-investment-grade debt instruments," MFS said. ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... the entire income distribution, net increases in household wealth, the renewed appeal of price discounting, and reduced mortgage rates." While the annual growth in US personal spending from around 6% in mid-2018, at 4%, it remains above its long-term ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
Over the past few months, I've been singing sad songs about the Australian economy and the need for the Reserve Bank of Australia (RBA) and the Morrison government to do more to reverse the slowing momentum in economic activity in this 'Lucky ...

RMBS scrutiny could be loosened in US

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... issued a call for input from investors and market participants on the asset-level disclosure requirements for residential mortgage-backed securities (RMBS). SEC chairman Jay Clayton explained that the SEC adopted significant revisions to its reporting ...

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
National Australia Bank has admitted to breaching credit legislation 255 times over its axed introducer program for mortgages. NAB has filed documents in the Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... Count Financial, Financial Wisdom, Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus and Mortgage Choice. The bank later put the demerger on ice, saying it was focusing on implementing Royal Commission recommendations and ...

AMP dealer group head departs

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
... new role. Hillross Financial Services managing director Dean Thomas will take on the role of chief advice officer at Mortgage Choice. His appointment follows the departure of Tania Milnes who spent 14 years with the business. Thomas was managing director ...