FHA Commissioner: Reverse mortgages an ‘important part’ of housing finance system

By: ameer@trustedteam.com

For the third time since 2015 after a sustained rocky period in red ink, the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI)...

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What will lower mortgage rates do to spring housing inventory?

By: ameer@trustedteam.com

Purchase application data Now that mortgage rates have fallen from a bit over 8% toward 7.32%, we can see the immediate impact as purchase application data was positive for the...

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Australian economy ‘in a better position than most’, says Treasurer 

By: ameer@trustedteam.com

Australia’s economy is “in a better position than most”, according to federal Treasurer Jim Chalmers, despite the nation still facing several challenges including sticky inflation. Speaking at the Australian Securities...

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RBA reveals reason behind November rate hike

By: ameer@trustedteam.com

The November monetary policy meeting saw the Reserve Bank of Australia (RBA) increase the official cash rate by 0.25 bps to 4.35 per cent, breaking the four consecutive cash...

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Major bank scraps deputy CEO position 

By: ameer@trustedteam.com

The major bank has revealed it will enter 2024 with a reshaped executive leadership team as its deputy chief executive position has been made redundant. ...

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Home Value Index reaches record high

By: ameer@trustedteam.com

CoreLogic’s national Home Value Index (HVI) has revealed that the national dwelling value as of 22 November 2023 reached a record high up 7.7 per cent over the year,...

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Investigations into alleged mortgage Ponzi scheme continue

By: ameer@trustedteam.com

Investigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with findings not expected until next year. ...

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Home loans the top reason for hardship 

By: ameer@trustedteam.com

Home loans are the primary product that individuals are currently requesting hardship assistance with, leading to several organisations calling on lenders to improve their response to hardship requests and...

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Westpac subsidiaries added to government guarantee scheme

By: ameer@trustedteam.com

St.George, Bank of Melbourne and BankSA have officially joined as participating lenders authorised to offer the Australian Government’s Home Guarantee Scheme (HGS). The Westpac subsidiaries have joined the panel four...

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Majority of older Australians think they will outlive their savings

By: ameer@trustedteam.com

Of those older Australians with savings and investments, 53 per cent believe they will outlive them. Moreover, in 2018 and 2019, around 50 per cent of older Australians who...

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