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Australian lenders not afraid of subprime mortgages

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Julia Corderoy | 28 Aug 2014, 06:54 AM Agree 0
Subprime mortgages wreaked havoc on the US economy and contributed to the global financial crisis but the subprime mortgage market in Australia is gaining traction
  • Albertus Waldron | 28 Aug 2014, 11:13 AM Agree 0
    So Moody's is worried about 3 Billion ( sounds like a big number) of the Deloitte estimate total mortgage market of 1.3 Trillion ( wow -an even bigger number) total mortgage market. By my calculations that is less than 0.25% of the total market. Sounds like a beat up to me
  • Jeremy | 24 Sep 2014, 12:09 AM Agree 0
    Albertus (if that is your real name), did you even read the article. Moody's is saying that there is no need to worry about sub-prime loans in Australia since there is ample regulation to prevent a crisis. It's the opposite of a beat up...
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