Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 121 results for "Reverse mortgage"

Rev mortgage guide "out of date": RBS

MICHAEL HOBBS  |  FRIDAY, 26 JUN 2009
The Royal Bank of Scotland (RBS) has criticised a reverse mortgage report - citing it contains case studies that are out of date. The Australian Securities and Investments Commission (ASIC) and Paul Clitheroe led Australian Government Financial Literacy ...

Regulator warns on rev mortgages

MICHAEL HOBBS  |  TUESDAY, 23 JUN 2009
... Government Financial Literacy Board chaired by Clitheroe comes after Deloitte Actuaries and Consultants found the reverse mortgage market grew 8 per cent over six months to December 2008 to total outstanding funding of $2.5 billion. The study, commissioned ...

Govt overhauls consumer credit regulation

MICHELLE BALTAZAR  |  FRIDAY, 3 OCT 2008
The Rudd Government is set to introduce radical reforms in consumer credit, including a national licensing regime for all credit providers such as mortgage brokers and new rules on margin lending and reverse mortgages. Today the Government said it will ...

SEQUAL appoints new chairman

RUTH LIEW  |  WEDNESDAY, 10 SEP 2008
... chairman, Martin Lynch, to the role of chairman to the reverse mortgages industry body board. Lynch is the head of reverse mortgage at ABN AMRO, having joined the firm in April 2005 to establish their reverse mortgage product in Australia. He was also ...

Count buys $6m stake in Mortgage Choice

RUTH LIEW  |  MONDAY, 28 JUL 2008
Financial advice firm Count Financial has palmed a $6 million slice of Mortgage Choice as it ups its stake in the mortgage advice space. Count acquired a 4.9 per cent interest in the mortgage broker under the advice of Lehman Brothers, noted a statement ...

Life settlements open to Aussie investors

RUTH LIEW  |  WEDNESDAY, 18 JUN 2008
... policies and according to Asset Life responsible manager Ron Board, is experiencing a boom similar to that of the reverse mortgage market. "Many US baby boomers are getting to an age where they would like to access the equity they have in their life ...

RM advisers break through 1000 barrier

There are now more than 1000 reverse mortgage consultants (RMCs) accredited through the Senior Australian Equity Release Association of Lenders (SEQUAL) Australia-wide network of 'trusted advisors'. The jump in the numbers of RMCs is in response to ...

Banks enjoy mortgage windfall, sort of

WWW.THESHEET.COM  |  FRIDAY, 16 MAY 2008
The reverse mortgage market is in the doldrums following the withdrawal from the market by one lender and sharp cutbacks by a couple of others. But brokers report that while there is still demand from people who need access to funds even though applications ...

Bluestone repositions reverse mortgages

WWW.THESHEET.COM  |  WEDNESDAY, 7 MAY 2008
... under the umbrella of the credit union service provider Cuscal. These alliances account for 30 to 40 per cent of reverse mortgage business in Australia and about 50 per cent in New Zealand. McGuinness said: "Our cost of funds makes it hard to defend ...

Money for Living practice is not RM

MICHAEL HOBBS  |  THURSDAY, 1 MAY 2008
... business model should not be confused with reverse mortgages. Kieren Dell, SEQUAL executive director, said a reverse mortgage allowed seniors who own their home to borrow against the equity. In a reverse mortgage, a retiree maintains ownership of their ...