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

Hard times continue for mortgage trust stalwart

Notify me of new replies via email
Australian Broker | 17 Jan 2013, 07:30 AM Agree 0
One of Australia's oldest and largest mortgage trust funds has begun the process of returning capital to unit-holders
  • Country Broker | 17 Jan 2013, 11:45 AM Agree 0
    Oh yes the Govermant guarantee helped the banks and credit unions , but has resulted in te Demise of this source of funding , well done labour .
  • Barney | 17 Jan 2013, 01:33 PM Agree 0
    Have to agree with Country Broker. Government guarantee. Good plan! Sent nearly all of these debenture style of funders to the wall (as well as many property trusts). Losing $100's millions of dollars in money - largely from retirees. Good work Labour!
    Plus forcing many property owners to refinance (or "try to") after the market has crashed and the lending options and landscape have changed. How many of these people have had to sell and lost money as well?
    Yet they (Labour) claim their handling of the GFC was a victory?
Post a reply