Monthly Archives: August 2016

Reverse mortgages to double as Baby Boomers tap property

  As read in Mortgage Business – Asset rich and cash poor Baby Boomers are expected to double the number of reverse mortgages within the next 10 years, according to a finance broker. Diversifi’s Rose De Rossi says Baby Boomers will significantly accelerate the number of reverse mortgage loans in the next decade. According to […]

‘Stable’ outlook for Australia’s AAA Rating

As read in Mortgage Business online – Ratings agency Moody’s Investors Service has affirmed Australia’s AAA credit rating, saying its strong institutional frameworks and economic resilience have contributed to a stable outlook. Moody’s stable outlook for Australia comes close to a month after Standard & Poor’s downgraded the country’s credit outlook earlier this year.Australia also […]

‘We are kidding ourselves,’ warns RBA governor

As read in Mortgage Business – In his final speech, outgoing RBA governor Glenn Stevens said it may take “a moment of crisis” for a hard-nosed conversation on the reality of our economic situation to occur. Speaking at the Anika Foundation Luncheon in Sydney yesterday, Mr Stevens took the opportunity to colour his final address […]

CBA: direct loans ‘as good as they are going to get’.

As read in Mortgage Business – Ian Narev, CEO of the Commonwealth Bank of Australia, has said that the bank sees the mortgage broking industry as “an ongoing channel where customers are going to want to do business”. The statement came following the bank’s end of year financial results, which revealed that brokers made up […]