Articles tagged with 'mortgages'

Big banks dominate mortgage market

2 October 2009 | New research has confirmed the dominance of the mortgage market by the big banks, which now hold a combined share of 73.8 per cent.


Financial institutions overcharging in contract fees

22 July 2009 | Law firm Financial Redress has reported an uptick in clients making claims against financial institutions' exorbitant fees and charges for mortgages, credit cards and banks.


Mixed quarter for Challenger Financial

27 April 2009 | Challenger Financial Services has reported a mixed result for the March quarter but has performed better than the market average.


HSBC makes UK mortgage move

15 April 2009 | While the big Australian banks now dominate the mortgage market, HSBC is trying a new advisory approach to increase its presence in the UK mortgage arena.


ASIC intervention creates low doc test case

9 March 2009 | The Australian Securities and Investments Commission has intervened in NSW Supreme Court proceedings creating what amounts to a test case on the provision of low document loans.


ASIC intervention creates low doc test case

9 March 2009 | The Australian Securities and Investments Commission has intervened in NSW Supreme Court proceedings creating what amounts to a test case on the provision of low document loans.


CBA steps in to avert forced home sales of Storm Financial clients

6 March 2009 | Distressed clients of Storm Financial may be able to stay in their homes despite being unable to meet the required payments on their mortgages.


City Pacific appoints receivers to AGG

13 February 2009 | Diversified business group Atkinson Gore Group in loan default.


Mortgage origination: consolidation opportunities flourish

12 February 2009 | Following the US sub-prime mortgage crisis and in tough economic conditions, the Australian financial services industry finds itself entering 2009 in a precarious position. DAMON TAYLOR reports.


NAB confirms Wizard acquisition talks

18 December 2008 | Final decision yet to be reached.


ASIC commences action against Sydney mortgage broker

8 December 2008 | ASIC alleges mortgage broker misled clients.


NAB close to Wizard acquisition

2 December 2008 | To join CBA, Westpac in mortgage market move.


Mortgage specialist moves closer to the top

14 October 2008 | Firstfolio is close to making a major acquisition in the online mortgage broking space.


MFAA expels member

22 August 2008 | No room for misconduct, according to the association.


The disappearing low-doc loan

31 July 2008 | Cannex research reveals low-doc loans are heavily out of favour.


Government must support home mortgages

28 July 2008 | Proposal to establish securitised funding institution.


Unlisted investments face closer oversight

9 July 2008 | ASIC review generates new challenges.


Call for action on mortgages

9 April 2008 | Gov’t urged to support reforms around mortgage-backed securitisation.


Most expect delayed retirement

31 March 2008 | Survey finds most pre-retirees expect to work until at least 65.


The next step: mortgage platforms

22 February 2008 | Mortgage industry eyes wealth management industry’s investment platforms.


Fixed interest home loans gain popularity

9 January 2008 | Borrowers move against rising rates.


Westpac announces acquisition

2 October 2007 | Westpac plans to acquire the franchise distribution arm of home loan group.


Australian non-conforming lending industry is safe

20 September 2007 | US sub-prime lenders should take note of Australia’s non-conforming industries practices.


Ignorance is bliss

9 August 2007 | Many Australians unaware of the interest rate they’re paying on their home loans.


Mortgage brokers excel in latest shadow shop

13 April 2007 | Less than two months after receiving a negative shadow shopping review, mortgage brokers have fought back with a solid performance in the latest mystery shop commissioned by the Mortgage and Finance Association of Australia.


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