Home Loans & Mortgages » Home Loan Interest Rates

Banks to be Big Brother in credit report profiling

Rick Adlam — Sun, 20 May 2012 10:13:46 +0000

Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?

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Interest Rates : Where did the RBA get it wrong?

Rick Adlam — Thu, 10 May 2012 22:14:03 +0000

When the RBA lifted interest rates in November last year I said at the time that it was one rate rise too many. The RBA was at the time focused more on getting Interest rates to “normal levels”, when we are not in normal times Since then many people have agreed with me, including members [...]

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Interest rates: CBA will raise interest rates without the RBA, and why its good news

Rick Adlam — Wed, 09 May 2012 22:15:05 +0000

The Reserve Bank is ready to pull the trigger on interest rates. Inflation is getting a bit on the high side and unemployment looks like falling even lower, so the RBA will feel compelled to raise rates. However if the CBA and other baks follow suit, then they will have done the RBA's job, and official rates could remain as they are for now.

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