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Showing 561 - 570 of 2174 results for "Mortgage"

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to consider how their loan could impact the ability to afford expenses in later years ...

IRESS first half revenues up 8pct, wealth and lending lead

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
... operating revenue of £8.4m was up 32% on the prior period, aided by a significant delivery. "The deployment of IRESS' first mortgage platform in Australia is progressing well with a second digital bank recently signed," it said in a statement. Its APAC ...

Customer data protections progress

DARREN SNYDER  |  WEDNESDAY, 15 AUG 2018
Wealth management firms have an opportunity to set the course around how they better deliver customer-oriented solutions following the Federal Government's release of draft legislation on the Consumer Data Right. The Consumer Data Right is aimed to ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
... mortgages rolling off over the next few years will also prove significant, with Hopperton saying about 50% of Westpac's mortgage book is currently interest-only. "That's a lot of people waking up to much larger mortgage repayments in the coming ...

Life insurance loyalty waning

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
More than 240,000 life insurance policyholders switched provider in the 12 months to June 2018, while a further 766,000 considered switching. According to the latest figures from Roy Morgan, more than one million risk and life insurance policies had ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... more than $500 million for the past two years. NewCo, or Commonwealth Bank's newly-branded wealth management and mortgage broking company preparing to demerge in 2019, contributed more than 6% to CBA's overall cash after-tax profit of $9.2 billion. ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... financial planners providing advice on home loans and other credit products, in the hope of opening up competition with mortgage brokers in providing credit advice. Advisers currently cannot advise consumers on specific credit products, but are permitted ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... has eased over the past six months, 45% of households are expending more than 30% of their disposable income towards mortgage repayments. Likewise, the percentage of households with mortgages "expecting they 'will not be able to meet their required ...

Nicholas Moore to retire from Macquarie Group

HARRISON WORLEY  |  THURSDAY, 26 JUL 2018
... of $534.1 billion at 30 June 2018, an 8% increase from 31 March 2018. The group also reported growth in its Australian mortgage and business banking loan portfolios ($34.3 billion and $7.5 billion respectively) while deposits also grew in its Banking ...

Fund manager boosts leadership

HARRISON WORLEY  |  WEDNESDAY, 25 JUL 2018
... Australia (Man Group). WFM added Banfield would oversee marketing and business development. Before his time at Platinum Mortgage Securities as head of investor relations, incoming Underdown spent several years in London, working for Bank of America Merrill ...