BECAUSE of cuts in interest rates, the number of households under mortgage stress fell 3 per cent to 770,000 in October compared with the previous month. However, the latest Fujitsu Consulting Group national survey of mortgage stress has found that those in severe stress rose by 13 per cent to..read more
RISING mortgage interest rates and low housing affordability are stretching many household budgets and providing fertile ground for innovative home loans.
THE former owner of RAMS has warned its shareholders that the home loans business could incur further losses if it fails to refinance or defaults on the debt lifelines that replaced $5.5 billion of short-term loans that nearly brought down the group.