Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Australian lenders not afraid of subprime mortgages

Notify me of new replies via email
Australian Broker | 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...
Post a reply