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.
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.
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.