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Showing 81 - 90 of 93 results for "Reverse mortgages"

ASIC pulls up reverse mortgage award winner

... misrepresentations within reverse mortgage products. "ASIC will continue to keep a close eye on the promotion of reverse mortgages and will be particularly vigilant," said Cooper. Cooper went onto stress that Transcomm's product did not fall under the ...

OFM's strategic acquisition reaping results

OFM Investment Group, driven by growth in reverse mortgages, strategic property acquisitions, good ratings and distribution deals, has delivered profit results in line with expectations. The main drivers for the group, according to a OFM's acting CEO ...

Count to include equity release on approved list

... pushing the demand of equity release products to record levels. According to Datamonitors, loans advanced for reverse mortgages more than doubled in 2005 and the trend is forecast to reach $3 billion by 2010. "We certainly think there's a big opportunity ...

ASIC moves forward with reverse mortgage calculator

With the proliferation of reverse mortgages, ASIC has launched a calculator to assist older Australians who are considering a reverse mortgage option. Mindful of the significant increase in reverse mortgage products now on the market - from three up ...

Loan doubles lure reverse mortgage providers

The story of reverse mortgages looks set to continue, as new figures released by independent market analyst Datamonitor (DTM) show loans for the products more than doubled in 2005. Datamonitor's new report includes figures that forecast the reverse ...

Full steam ahead for reverse mortgages

... Kieren Dell said part of their members' duty is to educate consumers about the risks as well as the benefits of reverse mortgages. He highlighted for example that, contrary to the public's view, the disgraced company 'Money For Living' did not offer ...

Demand for reverse mortgage on the rise

... whether a Bluestone, an OFM or a Macquarie reverse mortgage is appropriate for a certain client." Asked whether reverse mortgages address the needs of those close to retirement but have not saved enough, he replies: "I hope they don't get to that situation ...

S&P to rate reverse mortgages

... Australia and New Zealand with some fine-tuning to recognise the characteristics of each particular market. Reverse mortgages allow retirees who own their own homes to borrow money against the equity of the dwelling to satisfy their cash requirements. ...

Popularity of reverse mortgages set to rise

AAP  |  FRIDAY, 17 JUN 2005
... product needed a significant public perceptions makeover if financial planners were to broaden the appeal of reverse mortgages, they said. Reverse mortgages enable homeowners - particularly retirees - to borrow money based on equity in their homes but ...

Macquarie launches mortgages in reverse

... mortgage called 'Silver Lining' which will allow retirees to convert the equity in their home into an income. "Reverse mortgages allow people who have become asset rich but cash poor to enjoy life now. Their house is likely to have been their number ...