As read in Australian Broker The FBAA has received a positive response from its ‘Finance in Dealerships’ roadshow currently running across Australia, which is aimed at educating car dealers on their responsibilities under the NCCP. The association says the roadshow is aimed at motor dealers and covers all areas of finance transactions, including a dealer’s requirements under […]
As read in Mortgagebusiness A large proportion of Australians do not trust large banking institutions, with 71 per cent believing that scandals over poor financial advice points to ineffective governance, says Industry Super Australia (ISA). In an UMR survey, the majority of respondents said the banks’ for-profit super funds and their boards are overly focused […]
As read in The Adviser Australia’s mortgage arrears were stable in June for prime residential mortgage-backed securities (RMBS) and down for non-conforming securities. According to Standard & Poor’s performance index, 1.07 per cent of prime RMBS were in arrears for the month – unchanged from May – while non-conforming RMBS in arrears fell to 4.83 […]
As read in The Adviser a NSW senator has criticised the pace of ASIC’s investigations of SMSF property spruiking cases and urged it to consider whether additional powers would assist them in addressing the issue.Speaking to The Adviser’s sister publication SMSF Adviser, Senator John Williams said he is very concerned about the promotion of property investment through […]
As read in The Adviser new research has found brokers were responsible for more than two thirds of mortgage growth in the 12 months to June this year. Research by comparator, commissioned by the MFAA, shows mortgage brokers were responsible for 66.3 per cent of the growth in home loans for the year to […]
As read in Mortgage Business -A leading economist has warned that owner-occupier mortgages could face the same price hikes as investor loans, putting pressure on the central business bank to cut rates. AMP Capital chief economist Shane Oliver told Mortgage Business that while the effects of rate hikes on investor loans are yet to be […]
As read in Mortgage Business, NAB has justified its exit from lending to SMSFs for residential property by referring to “worrying” and “dramatic” growth in the area, while the head of an investment research company has blamed troublesome SMSF borrowing activity on non-trading lenders. Speaking at the release of the fifth Intimate with Self-Managed Superannuation […]
