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Australia's Reverse Mortgage Market Reaches $2.3 Billion
The Deloitte SEQUAL Reverse Mortgage Study found that the reverse mortgage market as at 30 June 2008 consisted of more than 36,600 reverse mortgage loans with total outstanding lending of $2.3 billion. This represents almost 14% growth over the past six months and 27% growth over the past 12 months from 30 June 2007.
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SEQUAL Presents Tom Scabareti
Sydney, 3 October 2008 - SEQUAL, the industry
body for Australian Seniors Equity Release, has announced the visit from the
USA of Tom Scabareti, Committee Vice Chairman of National Reverse Mortgage
Lenders Association (“NRMLA”).
SEQUAL has exercised its international reach to
deliver a fully-informed view of the important role Equity Release can play in
meeting the increasing need for Senior Australians to access effective
retirement funding solutions.
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SEQUAL Announces New Chairman -Local Knowledge and International Experience
Sydney, 8 September 2008 - It was today annnounced that Mr Martin Lynch has been appointed Chairman of the Senior Australians Equity Release Association of Lenders ("SEQUAL").
Kevin Conlon, SEQUAL's Chief Executive, said "Mr Lynch is well-placed to step up from the Deputy Chairman role. He has made a valuable contribution on the SEQUAL Board and has considerable experience in the design and delivery of Reverse Mortgages both within Australia and overseas."
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SEQUAL Launches FPA-endorsed Financial Planner Equity Release Program
Sydney, 18 August 2008 –
SEQUAL and the Financial Planning Association (FPA) have announced a
professional development program designed to ensure that Financial
Planners are well placed to advise clients on Reverse Mortgages.
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Available for Comment -Releasing Home Equity to Fund Retirement
Sydney 13 August 2008 - SEQUAL, the industry body for Seniors Equity Release, supports the findings of Dr Bruce Bradbury's report into retirement wealth and believes that there needs to be informed debate on Australians inheritance expectations.
The Australian Equity Release market is growing rapidly as the largest generation within the Australian population confronts the challenge of facing retirement "Asset-Rich but Cash Poor". However, SEQUAL believes discussion on how equity release may be used in retirement is the "Missing Link" of Dr Bradbury's report.
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SEQUAL Appoints its Inagural CEO
Sydney, 23 June 2008 – Kevin Conlon was today appointed as the
first Chief Executive Officer of the Senior Australians Equity Release
Association of Lenders (SEQUAL), the peak Reverse Mortgage industry association.
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Australian Reverse Mortgage Market Hits $2 Billion
The SEQUAL® Trowbridge Deloitte Reverse Mortgage Study found that the reverse mortgage market at 31 December 2007 consisted of more than 33,700 reverse mortgage loans with total outstanding lending of over $2 billion.
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First Study into Retirees Attitude to Retirement Financial Planning February 2008
Lack of financial education about how to
deal with their ‘asset imbalance’ is holding seniors to ransom in their
retirement, according to the first comprehensive study into the attitudes of
over-60s to funding their retirement and releasing the equity in their homes.
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SEQUAL Deloitte Reverse Mortgage Study June 2007
The SEQUAL Trowbridge Deloitte Reverse Mortgage Study found that the reverse mortgage market at 30 June 2007 consisted of more than 31,500 reverse mortgages loans with total outstanding lending of over $1.8 billion.
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SEQUAL Announces NNEG Change to its Code
The ‘No Negative Equity
Guarantee’ is a mandatory component of SEQUAL’s code of conduct. It guarantees
that borrowers can never owe more than the value of their home.
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SEQUAL Deloitte Reverse Mortgage Study April 2007
The SEQUAL/Trowbridge Deloitte Reverse Mortgage Study Found that the reverse mortgage market at 31 December 2006 consisted of more than 27,500 loans with a total book size of just over $1.5 billion. To read more just click on the following link:
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Lender Launches SEQUAL Accredited Equity Release Training February 2007
Bluestone Equity Release has become the first
reverse mortgage lender to launch a SEQUAL accredited equity release course for
financial services professionals who are writing and advising on reverse
mortgages.
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Western Australia First Australian to receive SEQUAL Accreditation January 2007
Local Perth resident, Pauline Murray, of Horizon
Mortgage Planners Pty Ltd, has become the first SEQUAL Accredited Reverse
Mortgage Consultant (RMC) in Australia.
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Make a Resolution to Retire January 2007
SEQUAL encourages a
holistic view of retirement financial planning that includes factoring in the
family home
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