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Archive for August, 2007

Mortgage News Recap

Sunday, August 19th, 2007

The weekly recap of mortgage, home loan and housing news in Australia.

The top stories for the week ending 19/08/07:

Costello push on high-risk loans
Herald Sun
In light of the US sub-prime mortgage crisis the Australian Federal Government has expressed concerns over low doc loans that have led to a higher rate of home repossessions and unfair interest repayments. Treasurer, Peter Costello, is pushing the states to introduce laws to protect consumers. Lincoln Wright from the Herald Sun provides a wrap up.
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