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.
(more…)

Possibly Related Posts:

• Bring Back the Haggle: 10 things you should never pay full price for
• No interest rate rise in March
• Queensland floods and mortgage payments
• Mortgage and money resolutions for 2011
• Refinance your loan or keep paying through retirement?

Possibly the news that no home buyer wanted to hear was released today by the Reserve Bank..... Keep Reading »