News Archive

2009

2008

2007

Second Mortgage News

City Pacific wind-up order

Saturday August 29, 2009
A COMPANY owed $3000 has succeeded in having a liquidator appointed to wind up failed Gold Coast financier City Pacific.

Mortgage Funds Put Up The Shutters

Tuesday October 28, 2008
MORE than 61,000 investors have been locked out of a clutch of mortgage funds operated by Commonwealth Bank-backed Colonial First State, marking the largest manager to be swept up in the funds freeze.

Could it be time for a second mortgage?

Wednesday October 15, 2008
Taking out a second mortgage to gain money for stock market investment may be looking quite attractive.

Middle-income Families Feeling Mortgage Stress

Wednesday July 23, 2008
MORE than one in four Australian borrowers expect to struggle with mortgage repayments in the next year, and rising interest rates are their biggest concern.

Us Government Steps In To Bail Out Mortgage Giants Fannie Mae And Freddie Mac

Tuesday July 15, 2008
IN A frantic bid to avert a second crisis of confidence in US credit markets, the US Government has intervened to prop up the two mortgage giants, Fannie Mae and Freddie Mac.

More Museums For Your Moolah

Sunday January 20, 2008
New York City sightseeing and no second mortgage needed? Kristie Kellahan tells how.

Second Bank To Lift Home Loan Rates

Saturday January 5, 2008
ANZ is likely to become the second major bank to increase variable mortgage rates without being prompted by the Reserve Bank, sweeping more borrowers up in the global credit meltdown.

Perpetual In A Second Profit Downgrade

Friday November 30, 2007
FUND manager Perpetual has rattled shareholders with its second profit downgrade in just over a month, revealing a further $13 million loss related to the credit crisis yesterday.

Banks And Financials Take Another Hit On News Of Us Mortgage Losses

Thursday November 22, 2007
AUSTRALIAN financial stocks keep taking the rap even though their international cousins are responsible for spreading the scourge of the US subprime mortgage market.

The Family

Thursday November 8, 2007
REBECCA Veitch will give birth "any time now" to her second child. The 37-year-old ambulance paramedic, who is married to a police rescue officer, is relaxed about going into labour - but managing yesterday's rate rise may test the couple's crisis management skills.

Poorer People Struggle To Pay Mortgage

Saturday October 13, 2007
LOW to middle-income earners nationwide are the worst affected by mortgage stress, and Victorians on incomes of $35,000 or less are the worst hit by rental stress.