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Showing 61 - 70 of 540 results for "Lenders"

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
... to protect the interests of our investors." The statement from Mayfair 101 said funds were being sourced from private lenders to extend credit to the group to facilitate the recapitalisation. It also said there were plans to launch its business model ...

Pallas launches debt facility

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... estate borrowers. The trust currently has $530 million worth of funding approved by its backers. It competes with non-bank lenders and does not offer construction loans. The latter is offered by Pallas' lending business, which settles about $50 million ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... The charges also come after ASIC undertook a review of the sale of consumer credit insurance by 11 major banks and other lenders. "Following a review of consumer credit insurance, ASIC banned the unsolicited sale of this insurance through cold calls ...

Lending curbs to impact housing market

ELIZABETH MCARTHUR  |  THURSDAY, 30 SEP 2021
... homebuyers on a single income. "Debt-to-income caps would be likely to change the shape of the mortgage market, but while some lenders might reduce their volume of lending at higher multiples of income, others might step into the fold or increase mortgage ...

InvestSMART launches installment investment product

KANIKA SOOD  |  MONDAY, 13 SEP 2021
... calls for investors. The company is using its cash to fund the loans for the product at the minute but plans to use other lenders as demand grows. InvestSMART chief executive Ron Hodge said the product is the first of its kind and allows the firm to ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... help customers with their life insurance needs by partnering with TAL." In the last year, Westpac has also ditched its lenders mortgage insurance, Westpac Pacific, auto finance and New Zealand life insurance businesses, and separated its general insurance ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... the advantage of hedge funds. The scandal also resulted in US homeowners filing a class action against their mortgage lenders, claiming that LIBOR manipulation made mortgage repayments more expensive. This case was based on analysis showing LIBOR rates ...

Former adviser charged with $3.3m fraud

KARREN VERGARA  |  THURSDAY, 27 MAY 2021
... entered into personal loans with a number of people, some of whom were clients. "No client accounts were breached. The lenders transferred money from their personal bank accounts to his personal bank account," he said. "In almost all of the cases we ...

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... need, rather than giving them the option of using their super. The government should have enforced with banks, landlords, lenders, financial services and utility companies to offer deferred payment schemes to all customers, McKell further suggests. "The ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... and ramp up its digital transformation. Westpac has already sold Vendor Finance, Westpac Pacific, General Insurance and Lenders Mortgage Insurance. The remaining businesses to be sold include Westpac Life Insurance, Auto Finance and its superannuation ...