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