Former mortgage broker faces fraud charges (Australian Broadcasting Corporation)
A former mortgage broker from Geelong, Victoria, will go on trial accused of misusing more than $1 million obtained from clients and investors.
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Mortgage Defaults Continue to Increase Mortgage lenders say default rates are rising among borrowers with better credit than those in the sub-prime category, where borrowers are considered to be the biggest credit risks.Commentread more...
Mortgage market remains subdued (BBC News) The mortgage market remains subdued despite a slight recovery in April, the major banks say.read more...
Mortgage rates falling Canadian banks have begun to drop mortgage rates by up to three-tenths of a percentage point as the cost of borrowing in the bond market falls.via
The San Francisco Bay Area's Premier Discount Real Estate Service Asante Real Estate Group has launched the Bay Area's first DIRECT BID Online Home Buying program.read more...
A Boost for Credit Scores A major credit card company is ending a long-standing practice that critics have said raised many of its customers' borrowing costs when they applied for mortgages and home-equity loans.
ANZ Bank NZ Cuts Mortgage Rates After RBNZ Holds Steady (Dow Jones via Yahoo! Asia News) WELLINGTON (Dow Jones)--ANZ New Zealand, a unit of Australia-based ANZ Banking Group Ltd. (ANZ.AU) Friday became the latest bank to cut its short-term fixed-rate home-loan mortgage rates after the