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Showing 961 - 970 of 2203 results for "Mortgage"

Credit unions mount 'social' battle against banks

MICHELLE BALTAZAR  |  TUESDAY, 19 FEB 2013
... According to the D&M survey, at least 71% of Australian voters agree that the big four have an unfair advantage in the mortgage market while almost 80% believe the same banks make excessive profits. "Balance Banking means more competition in Australia's ...

CalPERS cry foul play, backs lawsuit

MICHELLE BALTAZAR  |  TUESDAY, 19 FEB 2013
... Rating Services. Early this month, the US Department of Justice sued the agency for fraud in relation to the rating of mortgage-backed securities in the years leading up to the GFC. "Many investors, financial analysts and the general public expected ...

AUI makes property team appointment

LAURA MILLAN  |  FRIDAY, 15 FEB 2013
Investment manager Australian Unity Investments (AUI) announced today the appointments of Peter Lambden as head of Property and Asset Management and Mark Lumby as head of Property Funds and Retail. AUI made the changes to the Property Funds management ...

ANZ reports 6.2% cash profit rise

MARK SMITH  |  FRIDAY, 15 FEB 2013
ANZ has reported a first quarter cash profit of $1.53 billion, up 6.2% on the same period last year. Net profit meanwhile, which includes one-off expenses, was down 20% on last year to $1.36 billion. The cash profit rise was attributed to volume growth ...

Pepper acquires Spanish loan business Celeris

LAURA MILLAN  |  WEDNESDAY, 13 FEB 2013
Mortgage lender Pepper Group announced today an agreement to acquire Spanish consumer loan business Celeris. The acquisition includes a portfolio of approximately 164,000 performing consumer loans and a small non performing loan book, which represents ...

ME Bank launches premium treasury service

MARK STORY  |  MONDAY, 11 FEB 2013
... portfolio. Providing relevant products for the wealth management advice sector will help ME Bank sustain growth in its mortgage book and better position us for the changing regulatory environment."

Australians don't have enough insurance: TAL

BEN COLLINS  |  MONDAY, 4 FEB 2013
A new Index launched today by life insurer TAL has shown that Australians don't think they have enough life, illness, disability or income protection insurance. Through Galaxy Research, TAL questioned more than 1200 Australians on the types of life ...

Steady as she goes

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2013
... According to a Bloomberg survey of 44 economists, most expect "Bernanke will push on with purchases of $40 billion a month of mortgage bonds and $45 billion a month of Treasuries" with the "latest round of bond buying will reach $1.14 trillion before ...

Former mortgage broker convicted

MARK STORY  |  FRIDAY, 25 JAN 2013
A former NSW-based mortgage broker was yesterday convicted of 10 offences under the National Consumer Credit Protection Act 2009 (National Credit Act). In September 2012 Daniel Nguyen, of Panania, pleaded guilty to 10 offences including providing false ...

Good, better, best

BENJAMIN ONG  |  FRIDAY, 25 JAN 2013
... decided to reduce - if not altogether stop - its monthly purchases (US$45 billion in Treasury notes and US$40 billion in mortgage bonds) by mid-year this year. Yes, you read right...mid-year 2013. That's how far market sentiment has turned.