The US subprime mortgage crisis and credit crunch could be about to have a direct impact on the Australian home mortgage market, especially the higher risk low doc and no doc sectors, writes Glenn Dyer.
Mortgage insurer
The subprime mess: deals keep falling over and victims keep appearing
A sense of disappointment in some quarters that the US Federal Reserve didn’t cut interest rates overnight but it did acknowledge for the first time that “downside risks” have increased from the subprime mess.
