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Showing 41 - 50 of 93 results for "Reverse mortgages"

Market Wrap - Morning

AAP  |  FRIDAY, 21 SEP 2007
... Bureau of Statistics releases data on new motor vehicle sales for August and SEQUAL publishes its report on reverse mortgages. Mining and exploration company NiPlats Australia Ltd and pharmaceutical firm Helicon Group Ltd list on the ASX. The Australian ...

SEQUAL toughens 'no negative equity' rules

CHRIS NICHOLLS  |  WEDNESDAY, 22 AUG 2007
... consumer safeguards to retirees and strengthening the credibility of the reverse mortgage lending industry. "Reverse mortgages are a relatively young financial product being taken out increasingly by Australian seniors. The requirement for independent ...

Over Fifty Group offers reverse mortgage courses

CHRIS NICHOLLS  |  FRIDAY, 3 AUG 2007
... provide reverse mortgage accreditation courses for brokers and planners. Driven by the growing popularity of reverse mortgages and equity release products, as well as growing pressure from consumer groups such as Choice, the course will be offered free ...

New reverse mortgage broker group sets sail

CHRIS NICHOLLS  |  MONDAY, 30 JUL 2007
... also required follow the MFAA's Equity Release Code of Proper Process or the CPA Guidance Notes for advising on Reverse Mortgages. "Retirees need to be confident that they are dealing with a properly educated and qualified broker. Fortus membership is ...

SEQUAL to boost reach through education

CHRIS NICHOLLS  |  TUESDAY, 19 JUN 2007
... SEQUAL has appointed Kevin Conlon as head of education as part of a bid to boost the reach and understanding of reverse mortgages by brokers and planners. This focus on education comes as the Australian Securities and Investments Commission (ASIC) recently ...

ASIC watching reverse mortgage materials

HAMISH MADDEN  |  TUESDAY, 5 JUN 2007
... five cases the reverse mortgage provider took action to rectify the misleading material upon ASIC's request. "Reverse mortgages are complex products and ASIC wants to ensure that consumers are responding to promotions for them for the right reasons," ...

Boomers can be choosers

... off the mortgage and using super for retirement. Instead, they are embracing alternative strategies such as reverse mortgages because it fits better with their lifestyle. "There's a whole swag of strategies they can use; reverse mortgages, equity release ...

Reverse mortgages jump 80 per cent to $1.5 billion

WWW.THESHEET.COM  |  TUESDAY, 17 APR 2007
... their books at December 31, up from $1.1 billion at June 30 last year. Deloitte Trowbridge says there are 27,500 reverse mortgages on issue with an average loan size of $54,200. Kieren Dell, the executive director of SEQUAL, the equity release sector's ...

CHOICE rates reverse mortgages

ALEX DUNNIN  |  MONDAY, 16 APR 2007
CHOICE has reviewed 23 reverse mortgages against a range of what it believes are "good practice" standards and found 10 to be satisfactory, 11 to be not good enough and two to be poor. The results are published in the latest CHOICE consumer magazine ...

Mortgage brokers bounce back in latest mystery shop

... Australia, contrasting sharply with a recent CHOICE magazine report criticising the integrity of brokers selling reverse mortgages. The majority of brokers met customer expectations of service, product knowledge and honesty and integrity going against ...