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 […]
Sub prime loans
The Economy: Is an interest rate U-turn likely?
Will the global market crisis force the Reserve Bank to perform a U-turn? This is the big question for policy this week and this month in Australia, and elsewhere.
