FEDERAL Housing Minister Tanya Plibersek has given the thumbs down to tax breaks on loans for first home-buyers.
Aussie Home Loans boss John Symond has said the measure would help ease the housing affordability crisis.
But Ms Plibersek said it wasn’t the fairest way of helping first home buyers.
What needed to be done was to make sure [...]
Wizard Home Loans is to be offered for sale with an announcement expected this week, The Australian reports.
GE Money, which owns the mortgage lender, has opted for the sale to stave off a bid by Wizard founder and current chairman, Mark Bouris, who is seeking to take back control of the company.
Mr Bouris was believed [...]
Some East Bay residents are calling on three national banks to renegotiate their mortgages to help them avoid losing their homes.
About two dozen people protested outside the Antioch branches of Countrywide, Wachovia and Washington Mutual on Friday.
The protest was organized by a Contra Costa County interfaith group that wants the banks to convert customers’ risky, [...]
The Federal Home Loan Bank system won permission yesterday to double the amount of capital that it can spend to purchase mortgage bonds in an effort to boost home lending and revive the nation’s housing market.
The Federal Housing Finance Board approved a plan that would allow the 12 privately financed, government-sponsored Federal Home Loan Banks [...]
While mortgage brokers are running in circles trying to find lenders for their customers, savings banks are quietly reaching out to provide mortgages and HELOCs to good credit borrowers.
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With relatively low interest rates and tax-deductible interest, home equity lines of credit (HELOCs) have always been considered the best choice when it comes to home improvement loans. But while they might be the top lending tool for homeowners, HELOCs have their fair share of risks. The phrase “one size fits all” might [...]
A home equity line of credit (HELOC) is often regarded as the best place to turn for home improvement loans. This was especially true a few years ago, when HELOC rates fell to historic lows. But within the past two years, interest rates have soared, pushing up HELOC rates and sending many borrowers into [...]
THE stock market steadied this week after more than a month of volatility, partly in reaction to the Federal Reserves decision on Aug. 17 to encourage banks to borrow directly from the Fed at a lower rate and help ease the credit squeeze that has been rattling the financial system.
But while stocks in general [...]
THE stock market steadied this week after more than a month of volatility, partly in reaction to the Federal Reserves decision on Aug. 17 to encourage banks to borrow directly from the Fed at a lower rate and help ease the credit squeeze that has been rattling the financial system.
But while stocks in general [...]