The Mortgage and Finance Association of Australia (MFAA) has elected its board and office bearers following its recent Annual General Meeting and board meeting.
“This is a strong team which draws on wide-ranging experience and expertise, providing a strong platform for future advocacy,” said Phil Naylor, CEO, MFAA.
The following board members and office bearers for 2009/10 [...]

Loan Market Group, Australasia’s largest independent mortgage broker, has acquired PLAN New Zealand as part of its strategy to provide a broader financial services platform to mortgage brokers and their clients across the country.
PLAN New Zealand and Loan Market’s business will continue to operate as independent entities in the market place.
Loan Market Group Executive Chairman [...]

Almost half of financial advisers have no confidence at all in ASIC’s ability to monitor and prevent malpractice and financial product collapses, new research by CoreData on the Ripoll Inquiry has revealed.
Four out of five respondents (79.4%) feel advisers are being unfairly targeted, and more than half (57.5%) expect their professional indemnity insurance premiums to [...]

Federal Treasurer Wayne Swan has given the government’s bond manager the nod to invest $8 billion in the Australian residential mortgage-backed securities market (RMBS).
Mr Swan on Monday said he had directed the Australian Office of Financial Management (AOFM) to implement this investment, announced last month. It will help put downward pressure on borrowing costs.
It will [...]