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Showing 1 - 10 of 27 results for "Lenders Mortgage Insurance"

TAL appoints chief claims officer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... staff of the institutional bank division. She then became chief operating officer of life, general, and lenders mortgage insurance at BTFG before taking on a newly created role as executive director to oversee insurance mergers and acquisitions and transformation ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... considerably lower than the banking (ADI) sector. And we note most loans of LTV > 80% would be subject to lenders mortgage insurance (LMI)," the whitepaper reads. Agreeing with S&P's March research note, Foresight believes that despite the difficult ...

TAL completes acquisition of Westpac Life

CASSANDRA BALDINI  |  MONDAY, 1 AUG 2022
... important step in Westpac's ongoing strategy to simplify, having also offloaded its general insurance and lenders mortgage insurance units in Australia and its New Zealand life insurance business.

NSW to introduce options for first home buyers

CASSANDRA BALDINI  |  TUESDAY, 21 JUN 2022
... for existing dwellings. Participants must have a minimum 2% deposit of the purchase price, with no lenders mortgage insurance required and earn a maximum gross income of $90,000 for singles and $120,000 for couples. The property purchase price must be ...

Budget targets home ownership rates

TOM WATSON  |  TUESDAY, 29 MAR 2022
... scheme. The initiative also allows low deposit buyers to purchase a home without the added expense of lenders mortgage insurance, though eligible single parents are able to purchase with a deposit as low as 2% of the property price. While these schemes ...

Budget to back aspiring homeowners

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... theory enabling Australians to buy a home sooner with a smaller deposit and without needing to pay lenders mortgage insurance. So far, 60,000 Australians have used the scheme to purchase first homes. Under the renewed commitment to the scheme, the government ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... 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 and vendor finance ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... 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, platforms and ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... associated with ending the relationship with IOOF and an $84 million write-down of goodwill related to lenders mortgage insurance. Furthermore, the bank recorded an accounting loss of $113 million on the sale of Westpac Pacific along with transaction ...

QBE appoints local chief executive

KANIKA SOOD  |  TUESDAY, 2 FEB 2021
... Houghton is currently Westpac's managing director for insurance across three units: life insurance lenders mortgage insurance and general insurance. Prior to this she worked as Arthur J Gallagher's chief financial officer and operating officer in Australia ...
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