Rethinking Financial Literacy

October 16, 2017

This blog originally appeared in Mortgage business in 2014, by Kym Dalton. With current attention around ensuring enhanced consumer outcomes, it’s even more relevant now. Here are a couple of quotes from a recent housing think tank that I attended in the US: “It all begins with financial literacy” and “Financial literacy is the key…

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ASIC update on interest-only home loans

October 16, 2017

This article originally appeared on the ASIC website, on Wednesday 11 October 2017. ASIC today provided an update on its targeted review of interest only home loans. Announced in April 2017, the review was a targeted industry surveillance examining whether lenders and mortgage brokers are inappropriately recommending more expensive interest-only loans. With many lenders, including major…

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UBS Evidence Lab survey of 907 Australians

October 8, 2017

Between 7th of July and 4th of August 2017, UBS Evidence Lab conducted an online survey of 907 Australians who had recently taken out a mortgage to buy a residential property. This follows on from our August/September 2016 survey which covered both the 2015 and 2016 Vintages. Respondents were required to be personally and deeply…

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A Look at Over-Indebted Households

September 26, 2017

Originally published by Cameron Kusher, Core Logic, on 25/9/17. The Household Income and Wealth Survey has determined those households that are over-indebted and those that are not.  The results are not necessarily what you’d expect with higher income households more likely to be over-indebted than lower income ones. Last week the Australian Bureau of Statistics (ABS)…

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UBS Survey of recent mortgage holders

September 13, 2017

Work Undertaken Between 7th of July and 4th of August 2017 UBS Evidence Lab conducted an online survey of 907 Australians who had recently taken out a mortgage to buy a residential property. This follows on from our August/September 2016 survey which covered both the 2015 and 2016 Vintages. Respondents were required to be personally…

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Open banking: lessons for Australia’s credit industry

September 7, 2017

This article originally appeared in AB+F on 7/9/17 Read the original article > According to Poli Konstantinidis, managing director, credit services & decision analytics A&NZ at Experian, there is a growing sense of urgency in Australia of the need to embrace open data sharing or be forced to work within an imposed regime. But what lessons…

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Dalton says ‘flat fee’ model could hurt consumers

August 23, 2017

This article originally appeared in ‘The Adviser’ on 25/7/17, written by James Mitchell. Original article > Mortgage industry figure Kym Dalton has outlined a number of issues with the proposed flat-fee broker remuneration model, arguing that it “could be opaque” and vary from lender to lender. In recent weeks a number of Australian consumer groups, such…

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UNQUESTIONABLY AVERAGE – Now. UNQUESTIONABLY STRONG – The Future.

August 21, 2017

Note: “Major Banks” refers to CBA, NAB, ANZ and Westpac An Australian financial system convention that has been accepted for many years is that Major Banks are too big to fail and carry implied government guarantees. The Financial System Inquiry recommended that this risk to the taxpayer is significantly reduced by making Major Banks “unquestionably…

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The blockchain effect on mortgage-backed securities

August 21, 2017

This article originally appeared on AB+F on 23/05/2017, by Elizabeth Fry. Original article > The securitsation of residential-backed securities has long been dominated by the banks – rather than sold into the capital markets – but this is about to change due to new data-driven technologies, smart contracts and blockchain. The securitisation of mortgages by marketplace…

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