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Housing market crisis blamed on politicians from both sides

By Rick Adlam on Sunday, March 21, 2010

Bank Leaders from Australia’s biggest banks and home loan lenders have blamed both sides of politics for being lazy and ignoring the national housing affordability crisis.
Ralph Norris, chief executive of the Commonwealth Bank, and Aussie Home Loans founder John Symonds, said the problem of not being able to afford a home was becoming worse for many consumers.
The issue [...]

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Banks to be Big Brother in credit report profiling

By Rick Adlam on Saturday, March 20, 2010

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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