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Canadians may scrap mortgage model

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Australian Broker | 15 Jun 2012, 03:00 AM Agree 0
The Canadian mortgage bond model touted by the MFAA may be headed for the scrap bin
  • Wes | 15 Jun 2012, 10:27 AM Agree 0
    I'm unsure why there have been a couple of articles out discrediting the CMB model. The issue isn't about directly supplanting the Canadian model, it is about stimulating competition through a regenerated securitisation system in Australia. 5th pillar isn't going to work, the CUs and building societies are getting some traction through deposits but there needs to be more funds in the market so that creative and sharp new lenders can set the scene for a new era in competition. The detail can be worked out. lets just get started on developing a model which does work in the Australian environment.
  • ozboy | 15 Jun 2012, 11:10 AM Agree 0
    Poor Mr Naylor every time he opens his mouth he has to back track. Silence can be your friend.
  • Anonymous | 15 Jun 2012, 01:13 PM Agree 0
    Ok, so Phil Naylor CEO of the MFAA has gone gone and on about how great this mortgage model is and how our government should incorporate it, but the Canadian government is withdrawing it's involvement? Does Phil know what he is talking about? Better question, should he really be running the Mortgage Finance Association of Australia if he doesn't know what he is talking about?
  • Damian Percy | 18 Jun 2012, 02:37 PM Agree 0
    A conservative finance minister musing on the benefits of privatising a large government instrumentality is not exactly a rare occurence.
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