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Showing 501 - 510 of 2174 results for "Mortgage"

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... also offers the Moelis Australia Secured Loan Series, which manages a $180 million of loans secured by registered first mortgage loans over Australian real property. The fund received a 'Recommended Plus' rating from Independent Investment Research (IIR). ...

Fintech no real threat: Researcher

ELIZABETH MCARTHUR  |  TUESDAY, 21 MAY 2019
Australia's big banks are well placed to defend their position against fintechs hoping to disrupt the industry, according to a new report from Moody's. While fintechs may be seen to pose a growing threat, large banks have the financial resources to ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... significantly reduce our cost base allowing us to run a leaner and more cost-effective organisation." YBR will concentrate on mortgage distribution, servicing and manufacturing. It plans to maintain its shop-front style franchise of 115 branches, as ...

Morgan Stanley raises capital for 86 400

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... bank." However, he added: "Banking is a very capital intensive business - particularly when you've got a growing mortgage book. We need around $250 million of capital over the first three years of operation. We're going to marketplace with a ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... grandfathered commissions. Consumer bank earnings were down 11% to $1.5 billion as higher wholesale funding costs and lower mortgage spreads squeezed net interest margins while regulatory and compliance spending increased. The business bank's cash earnings ...

IRESS partners with bank

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
Financial technology provider IRESS has partnered with one of Australia's newest banks for a streamlined mortgage offering. A new partnership between IRESS and Volt will see IRESS' mortgage software, MSO, rolled out to Volt's mortgage customers. One ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... obtain access to funds in the fake accounts. ASIC said Eung also incorporated a company for the purpose of operating a mortgage broking business, becoming a credit representative to provide credit assistance within that business. The regulator determined ...

New role for former ClearView executive

HARRISON WORLEY  |  WEDNESDAY, 17 APR 2019
... accountants who can also give financial advice to their clients. Most recently the head of financial planning operations at Mortgage Choice, O'Riordan spent more than seven years at ClearView, including as head of partner support. Earlier, he was a financial ...

Retirement funder partners with ME Bank

KARREN VERGARA  |  FRIDAY, 12 APR 2019
Specialist retirement funding provider Household Capital has partnered with industry super fund-owned ME Bank to establish a $100 million wholesale debt facility. The facility is designed to meet the unmet financial needs of retirees who plan to continue ...

Financial advice in 2030: What does it look like?

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2019
If every one of the recommendations to come out of the Royal Commission and the Productivity Commission was implemented verbatim, by 2030 the financial advice industry would look very different. WealthDigital predicts Australia's financial advice ...