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Showing 71 - 80 of 123 results for "Reverse mortgage"

CHOICE rates reverse mortgages

ALEX DUNNIN  |  MONDAY, 16 APR 2007
... resolution scheme availability. In its report, CHOICE highlighted conditions that would constitute defaulting the reverse mortgage. "Many companies told us they have procedures in place to avoid or quickly resolve defaults. But reverse mortgage borrowers ...

Mortgage brokers bounce back in latest mystery shop

... $300,000 loan. Chris Nicholls Erratum: This article was amended clarify the CHOICE magazine survey focussed on the reverse mortgage industry, not the entire mortgage broker industry

Aussie reverse mortgages world's best

HAMISH MADDEN  |  TUESDAY, 10 APR 2007
The Australian reverse mortgage sector is in its infancy but our products have evolved so fast they lead the world, said Martin Lynch, director of reverse mortgages at ABN AMRO. "It's only been really the last four years there have been products here ...

CPA Australia and SEQUAL team up

HAMISH MADDEN  |  WEDNESDAY, 28 MAR 2007
... advising clients on reverse mortgages. Kath Bowler, CPA Australia financial planning policy adviser, said the reverse mortgage sector would continue to grow in importance and there was a need for CPA Australia members to be educated and well-equipped ...

Equity lenders prepare to take on reverse mortgages

WWW.THESHEET.COM  |  WEDNESDAY, 14 MAR 2007
Shared equity lenders are preparing for a turf war with reverse mortgage lenders for the retiree equity release market. The first non-government shared equity loan, Rismark's equity finance mortgage, is being marketed at this stage to first home buyers ...

38 per cent of US retirees like reverse mortgages

ALEX DUNNIN  |  TUESDAY, 6 MAR 2007
... invest the excess proceeds. However, in a boost for the home equity release sector, 13 per cent expect to obtain a reverse mortgage while a further 25 per cent said they are actively thinking about it.

Reverse mortgage standards under fire

HAMISH MADDEN  |  WEDNESDAY, 28 FEB 2007
A CHOICE shadow shop survey of the reverse mortgage industry has revealed some poor practices and areas for concern, but plans are already underway from some in the industry to effect a uniform lift in standards. Three CHOICE representatives visited ...

Reverse mortgages to mature: SEQUAL

HAMISH MADDEN  |  TUESDAY, 27 FEB 2007
Increased competition in the reverse mortgage industry will see product providers fine-tuning their existing products and contracts rather than rushing new products to market, according to Keiren Dell, chief executive officer of the Senior Australians ...

SEQUAL defends advisers on reverse mortgages

NICK OLIVER  |  WEDNESDAY, 14 FEB 2007
... executive director, responded that financial advisers have been cautious in advising seniors on whether to take out a reverse mortgage. "Reverse mortgages are an increasingly important financial planning tool to fund the needs of retirees," said Dell. ...

MEB warns on reverse mortgages

Members Equity Bank, the bank owned by super funds, has warned consumers against using reverse mortgage products, claiming that financial planners will use equity release-type products to boost their incomes. Trowbridge Deloitte conducted a study last ...