Low Doc Mortgage Applications Could Be Harder To Find

Low doc mortgage applications could become harder to find and get approval for as lenders of home loans and mortgages have learnt a hard lesson.

Mortgage Hardship 'no Worse Than Usual'

THE number of home buyers encountering hardship is no higher than normal despite inflation and interest rate rises, a leading mortgage insurer says.

Easier mortgage applications

Mortgage applications can seem like too much pressure as it is without someone trying to sell a particular product to you.

Improve your mortgage application chances

By demonstrating a sound knowledge of your own personal finances, you can greatly improve your chances of being approved for mortgage applications.

Moody's to review mortgage investments

Credit agency Moody's announced on Monday that it would be reviewing the investment ratings on up to $83 billion in loans.

US mortgage applications drop to lowest levels

United States mortgage applications have dropped to their lowest level for the year with the Mortgage Bankers Association's seasonally adjusted mortgage application index falling 7.6 percent in the week ended December 21 to 603.8.

US Mortgage application on the rise

US Mortgage application levels hit their highest mark since July 2005 according to figures released by the Mortgage Bankers Association.

Mortgage Fraud Increasing

The rapid expansion of the mortgage-broking industry has led to a sharp rise in home loan fraud and again raised the need for industry regulation, according to the director of Macquarie Banking and Property Group, Bill Moss.

Mortgage Stress? What Stress?

Never mind the warnings about a property bust - many home buyers appear to be quite comfortable with taking on a large mortgage to ride the property boom. Ian Rogers reports.

Packer Expands Into Mortgages

Mr Kerry Packer's PBL and its ecorp affiliate have bought a 50 per cent stake in Wizard Mortgage for $25 million in a deal that secures mass marketing support and Internet distribution on the ninemsn portal for its wares. Ecorp chairman Mr Daniel Petre said his company had ``a very large appetite

Mortgage Trusts Weather Fluctuations

FOR many investors, market linked investments (unit trusts) can be perplexing as they are continually affected by market conditions. The value of these investments can rise or fall for no apparent reason. This is true of many unit trust investments, but usually not for mortgage trusts. The uni

Mortgage Shake-out For Law Firms

Proposed changes to lending schemes are expected to result in a shake-out of the $10billion mortgage practice market. The sweeping changes proposed by the Australian Securities and Investments Commission would require law firms engaged in mortgage lending to be regulated like other managed invest

Westpac's Mortgage Processing Costs Still Too High, Say Lenders

Lenders have hosed down speculation that Westpac Banking Corporation's Adelaide-based mortgage processing centre is set to receive an inflow of work from small operators, claiming that the bank's processing costs are still too high and turnaround times are too slow. Westpac hoped the centre would

Focus Shifts To Fixed Mortgage Rates

Home borrowers will reap the benefits of a new bout of competition in the fixed interest rate market, with the Commonwealth Bank and Westpac Banking Corporation this week lowering fixed mortgage rates. With variable loans unlikely to move in the next few months, banks are taking advantage of low

Want A Loan? Just Push The Button

In future, banking customers will see and hear, but never meet, their bank managers, if a new high-tech branch opened yesterday in Sydney's northern suburbs catches on. Citibank launched its vision of what getting a mortgage may be like in the 21st century. The traditional interview with

S Pattinson Buys Hatmax Mortgage

Washington H. Soul Pattinson and Co has further diversified its investment portfolio, with the purchase of Hatmax Mortgage Management Ltd, which has more than $100 million in mortgages under management. The chairman of Soul Pattinson, Mr Jim Millner, said the business fully met the compan

Estate Mortgage Faces Cac Inquiry

The Victorian Corporate Affairs Commission has started a private hearing into "certain activities" of Estate Mortgage Managers and associated companies. A senior CAC officer said yesterday the in-camera hearing, at which witnesses can be compelled to give evidence, began on Monda

Estate Group Creditors Eye Mortgage Portfolio

Competitors of the $800 million Estate Mortgage group are lining up to bid for the portfolio of mortgages held by its six trusts, if further sales are necessary to free funds to meet obligations to unit holders. Westpac Banking Corporation and Global Fund Management yesterday confirmed

Mortgage Insurance Helps Lenders, Not Borrowers

FOR home buyers, particularly in the current property market, the prospect of defaulting on their mortgage and being forced into a "fire sale" is frightening indeed. Already, as interest rates remain stuck at historically high levels, the number of home owners seeking urgent Gove

Mortgage Relief Requests Double

The number of homeowners seeking urgent Government help because they are unable to meet mortgage repayments has doubled, putting strong pressure on a$3 million emergency fund. Under the NSW Mortgage Assistance Scheme, people unable to meet their mortgage repayments can qualify for an emerg