Man with a mortgage on home loans

Article Abstract:

John Kinghorn has an estimated wealth of 95 million Australian dollars, mainly due to his position as 70%-owner of Rams Home Loans, formerly Registered Australian Mortgage Securities. The non-bank lending Rams business grew out of Allco Financial Services in 1995 and is looking to the future by developing its products.

Mortgage banks, Kinghorn, John, Rams Home Loans

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ADX: It's back to the futures, stage III

Article Abstract:

Issues are presented concerning the proposed launch of a second futures market by the directors of Australian Derivatives Exchange. The launch has had to be delayed on two occasions due to delays in the granting of a licence.

Services, Futures market, Futures markets, Securities industry, Licensing agreements, Company Profile, Australian Derivatives Exchange

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Too many cooks in the mortgage kitchen

Article Abstract:

Issues are presented concerning the large volumes of business which are being achieved by mortgage company Wizard Home Loans. The thin margins achieved by brokers and the implications for the industry are discussed.

Mortgages, Mortgage brokers, Wizard Home Loans

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