Mortgage News

Warning over loose lending rules

Monday 19th of March 2007
Bouris’s warning comes as the US banking industry struggles to contain losses on “sub-prime” lending to people who have had previous difficulties with debt. Problems in the market have unsettled Wall Street and contributed to recent share price volatility. Australia has seen some difficulties in the sub-prime market, said Bouris. “It is working its way out of the system but hasn’t happened y...
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