A recap of the top stories in Mortgage this week:

Competition fierce in SA home loan sector
Adelaide Advertiser
Competition amongst banks, credit unions and brokers is heating up in South Australia. Mortgage and Finance Association chief executive Phil Naylor said mortgage brokers were involved in more than 40 per cent of loans and “it is nearing 50 per cent”.

Check the fine print on reverse mortgages
ABC Online
Reporter, Peter Ryan, speaks with Greg Tanzer, the head of consumer protection at ASIC, about reverse mortgages.

Reverse mortgage alert
The Sydney Morning Herald
An article by John Collett takes a look at the reverse mortgage industry advertising practices and whether ASIC should name the companies that were practicing misleading advertising.

Marshal’s $130 house might make a million
Sunshine Coast Daily
Sam Benger reports on local resident who purchased a block at Golden Beach for $130 back in 1948. The property is being auctioned today with expectations of fetching a million dollars.

U.S. Mortgages Enter Foreclosure at Record Pace
Bloomberg.com
Kathleen M. Howley reports that the number of Americans who may lose their homes because of late mortgage payments rose to a record in the first quarter, led by subprime borrowers pinched in an economy that grew at the slowest pace in four years.

Speaking out against rip-offs
The Sunday Mail
Crusader against real estate rip-offs, Neil Jenman, is considering his options being currently faced with defamation writs, threats of violence and concern for his family. Neil Jenmans campaign against the shonks in the industry has made him a hero to many. He is also the main enemy to some of the property industry’s high-fliers.