Before skiting to Australia’s biggest selling newspaper that you’re about to sell $500 million in mortgage-backed securities – labelled a “lifeline” by the Herald Sun yesterday morning – it’d be a good idea to have the investors committed.
Low doc loans
Tips and rumours
While NAB is rumored to be circling the carcass of Northern Rock its highly rewarded mortgage managers at Homeside have been given instructions to dump any troubled or difficult clients. Reports of widespread termination of facility notices have been received by financial counsellors, particularly where the mum and dad borrowers have been talked into signing […]
While you were sleeping: oil and wheat prices up, interest rates too
While you were sleeping, world oil prices reached a new all time intra-day high of $US80.05 a barrel. And the prospects of higher bread prices continues as world wheat prices also reached a new all time high.
The housing crisis: look closer at big banks’ lending
One of the rarely mentioned factors when housing affordability is being discussed, is that loans secured by residential mortgages are more attractive to banks than other types of lending because of the regulator’s prudential rules on the capital adequacy of banks, writes Bill Moyle.
