Category Archives: Australia

Learning From The Australian Way Of Mortgage Loans

The current credit crisis has made people leery of this new plan. Anything that is not conventional is hard to fund. Australians have a choice about how much they pay each month on their mortgage loan. They can pay only … Continue reading

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Getting Creative With Mortgage Down Under

From The Australian: Banks like to see some equity (hurt money) from the buyer so they should expect to have to contribute, say 5-10 per cent. Often, the equity they leave in can be at low or no interest and … Continue reading

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Australia Suffers From America’s Mortgage Meltdown

The view from down under: THE Prime Minister is back in the business of building up myths to justify policy intervention. In 2006 he was peddling the myth of “brutopia” under John Howard. It was a flagrant falsehood but it … Continue reading

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Learning From The Australians

From the WSJ: America’s mortgage industry will not recover, nor deserve to recover, unless it is prepared to challenge this politically unpalatable reality. Australia’s four major banks sit amongst the 20 AA rated banks around the globe. Take nonrecourse mortgage … Continue reading

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Aussies Holding Up Well In Mortgage Crunch

Oct. 2 (Bloomberg) — Australian mortgages remain resilient to increased borrowing costs amid the global credit crisis, Fitch Ratings said in a report today. Australian mortgage holders have weathered the storm considerably better than their counterparts globally, in part because … Continue reading

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Australia’s Battle With The Refi Crisis

Here’s a report from down under: The federal government has rejected criticism it hasn’t done enough to buffer Australia from the financial turmoil overseas. Federal Opposition Leader Malcolm Turnbull says the government should consider further tightening restrictions on short-selling and … Continue reading

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Mortgage Rates Not Going Down In Australia

From The Daily Telegraph: Under normal circumstances, a rate cut would mean mortgage rates would come down. In the past year, the RBA has increased rates by 1 per cent but the banks have added another 0.50 per cent with … Continue reading

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70 Australian Companies Need To Refinance

From the Australian: LIKE home owners, Australian companies are paying more for debt, threatening earnings for property trusts and infrastructure funds. Australia‘s biggest companies are paying up to 1.2 percentage points on top of the rate at which banks lend … Continue reading

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Reverse Mortgages Down Under

From the SMH: THE Federal Government is moving to introduce stricter regulation of reverse mortgages, an increasingly popular financial product marketed to older homeowners, because of fears that people could be exploited. Announcing plans for national regulation of a range … Continue reading

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Aussie Lenders Want Government Help

From the Australian: CHALLENGER chief executive Mike Tilley has warned borrowers may be forced into paying higher interest on mortgages unless the federal Government provides some support to lenders struggling under the weight of bad debts. Mr Tilley said the … Continue reading

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