Home Loans & Mortgages » Mortgage Loan

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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If Obama is the answer what is the question?

Rick Adlam — Wed, 16 May 2012 10:17:28 +0000

If Obama's the answer, then what is the question? It's the economy, Dummy!

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Low doc home loan competition hits Adelaide Bank bottomline

Rick Adlam — Sat, 12 May 2012 10:16:50 +0000

Adelaide Bank has issued an earnings downgrade after intensifying competition in the mortgage lending sector forced it to remove premium pricing on its low-documentation home loans. The regional bank revised its earnings per share (EPS) growth forecast for fiscal 2007 to between 6c and 9c a share, down from 10c. The downgrade surprised the market [...]

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