New report asks ACCC to examine interest-only mortgages

The committee wants the Australian Competition and Consumer Commission (ACCC), as part of its inquiry into residential mortgage products, to assess the repricing of interest-only mortgages that occurred in June. While the banks' media releases state that their rate increases on mortgage products
See Original Article

Davies said: “Phil will head up a strong team of experienced and newly-appointed IMLA directors, who are committed to the needs of our members within the ever-changing mortgage market. “I'm sure he will continue to build on the successful contribution he has already made over the last few years as
See Original Article

Under the five-year deal, Verizon (vz) renews its agreement to stream NFL games on its mobile devices but loses its exclusive rights to the airings. “Verizon's portfolio of premium digital and mobile media properties, including Yahoo Sports, will stream in-market and national games, including national
See Original Article

Kuflink Group has appointed Narinder Khattoare (pictured) as chief executive after the departure of Tarlochan Garcha. Khattoare was previously sales and marketing director. At the same the group welcomed Sukhdev Dhillon and Natalie Weekes, head of collections, to the board. Bridging sector grows
See Original Article

“This week's survey reflects last week's uptick in long-term interest rates, with the 30-year fixed mortgage rate up four basis points to 3.94%,” Freddie Mac Deputy Chief Economist Len Kiefer said. “The 30-year mortgage rate has been bouncing around in a 10-basis-point range since September.
See Original Article

The nuclear annihilation of humanity is “only one impulsive tantrum away,” the head of the Nobel Peace Prize-winning International Campaign to Abolish Nuclear Weapons (ICAN) warned Sunday as she collected this year's award. Beatrice Fihn used her speech to describe nuclear weapons as “a
See Original Article

The answer to the first question is simple enough: Lending money to buy an appreciating asset is good in the short-term for the lender and the borrower. The lender get a bonus for making the loan and her employers gets upfront fees and interest. The borrower can put down a relatively small amount of
See Original Article

Moscow deputy from the United Russia party Alexey Mazurov denied that he had Maltese citizenship and real estate in this country. As reported by Meduza, previously published materials of Transparency International Russia proved to be unreliable. The NGO found that in 2015 the Government Gazette
See Original Article

This past week we received a purchase order for 15 surveillance drones from a Fortune 500 company. Just prior to receiving this purchase order. we received a purchase order for 10 drones from a small IT security company located in Texas. We set a goal to be everything drone to our police, fire fighters,
See Original Article

UK homeowners' financial safety nets have been scaled back over the last decade, according to UK Finance. A UK Finance report says there are two main ways this safety net has been reduced. The first is Government changes to Support for Mortgage Interest. The Government will replace the current
See Original Article

Australia's decision to legalize same-sex marriage doesn't mean wedding bells for all of the country's gay couples. Two women in Perth filed for divorce Sunday after a year of limbo. The couple, who remain anonymous for legal reasons, wed in 2015 at the embassy of a European nation in Australia.
See Original Article

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.29, from 0.92 in 2017Q1. It improved, as 28 investors sold Edison International shares while 177 reduced holdings. 69 funds opened positions while 179 raised stakes. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1
See Original Article

We provide a solution for families struggling to get a mortgage for their home. Whether you were denied by the bank, need a quick private mortgage, or have poor credit, or even lower rates, we can…
See Original Article

MONTREAL, QUEBEC–(Marketwired – Dec. 11, 2017) – On December 5, 2017, Laurentian Bank of Canada (the “Bank”) (TSX:LB) disclosed issues arising from a review of mortgages that it had sold to a third party purchaser. Those issues resulted in the Bank repurchasing some mortgages and
See Original Article

HYDERABAD: India real estate sector will see inflow of investments from Pension and Insurance funds and other institutional investments owing to dwindling interest rates coupled with sectoral reforms such as implementation of Real Estate (Regulation and Development) Act (RERA), in future, said
See Original Article

Among Fortune 500 companies, 45 percent CISOs have MBAs, demonstrating the growing need for CISOs to understand, speak and think in business terms despite technology backgrounds. Only 11 percent of Fortune 500 CISOs list a military background, with only 4 percent previously employed by law
See Original Article

The bond buying program, known as Quantitative Easing (QE), was designed to lower longer-term borrowing rates by buying U.S. Treasuries and agency mortgage-backed securities (MBS) . Mortgage-backed securities are bonds whose cash flows are backed by individual mortgage loans. The bonds
See Original Article

This week, as the UK's low productivity was again at the heart of the debate over the country's post-Brexit future, the finger of blame was levelled at two intriguing culprits: so-called zombie companies and family-owned businesses. First, the zombies. A report last week from the Organisation of Economic
See Original Article

Multi-millionaire co-founder of Mortgage Choice Peter Higgins. Picture: John Grainger. Higgins was arrested and charged in relation to the cash and machete as well as possessing an instrument to administer drugs and driving an uninsured, unregistered vehicle. Yesterday he pleaded guilty to the drugs
See Original Article

India's largest public sector bank SBI has changed names and IFSC Codes of nearly 1,300 of its 25,000 branches in the country's major cities owing to its merger with five associate banks and a 'Bharatiya Mahila Bank' in April. The Indian Financial System Code (IFSC) is an 11-digit alpha-numeric
See Original Article