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BFCSA: Asset Securitisation in Australia. Borrowers do not know 30 year loans...
About 10 per cent of the loans in a standard prime RMBS mortgage pool are low-doc loans. the average life of an RMBS is substantially shorter than its final legal maturity, which is usually set to...
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BFCSA: Ban Super funds from borrowing: David Murray warns of 1890s housing...
read the comments...... David Murray warns of 1890s housing crash depression By Houses and Holes in Australian Economy, Australian Property, MB fund at 4:51 am on April 5, 2017 | 167 comments...
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BFCSA: 80,000 vacant properties - Prosper's Catherine Cashmore says: The...
Negative gearing is only part of the problem...INTEREST ONLY LOW DOCS are the sub prime generator of selling homes to people who cannot afford to buy. Steve Keen stated property was 40% overvalued when...
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BFCSA: Bob Day, Rod Culleton could be forced to repay their Senate salaries,...
What about all those gold rolex watches and planes bought by property developers? Bob Day, Rod Culleton could be forced to repay their Senate salaries, allowances Adam Gartrell 7 April 2017...
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BFCSA: Ex-Goldman Trump Advisor Drops Glass-Steagall Bombshell
Read the comments....... Ex-Goldman Trump Advisor Drops Glass-Steagall Bombshell 6 April 2017 http://wolfstreet.com/2017/04/06/chances-of-new-glass-steagall-act/ Is there hope? According to “people...
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BFCSA: Australia in the era of FAKE Government with widening gap between rich...
EX-RBA boss rubbishes company tax cuts By Unconventional Economist in Australian budget at 12:12 am on April 7, 2017 | 1 comment By Leith van Onselen...
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BFCSA: Shadow Inventory: What Is It? How Did It Affect the Economy? American...
Beware of the Shadow Ledgers Look at this timeline and note the similarity...S Shadow Inventory Timeline September 2011 - "Home Sales 7% Higher Than Last Year." Banks started working through the...
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BFCSA: Interest Only Low Doc Sub Prime Loans inflate residential land prices
The data explains Australia’s addiction to interest-only loans which has reached endemic proportions, both in terms of stock and flows (approvals). The two primary reasons why IO loans are attractive...
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BFCSA: USA Senator Warren: "Reinstating Glass-Steagall - it’s time to get it...
Getting serious now: Senators Warren, McCain, Cantwell, and King Introduce New Glass-Steagall Act 6 April 2017...
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BFCSA: Why The Greens PC Bill will not get to the truth and WHY we need a...
WHY THE GREENS BILL WILL NOT GET TO THE TRUTH and WHY WE NEED A ROYAL COMMISSION INTO THE BANKS Australian Bankers and regulators are keeping a dark dirty secret: a massive SUB PRIME CATASTROPHE:...
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BFCSA: Understanding the VALEX System - Potentially flawed data used by banks...
Valex is risk management system used by lender for credit enhancement for property valuations to go into the black box to be securitised....... Tough if you have a unique property and the property data...
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BFCSA: Housing correction 'won't be orderly' - significant downturn in the...
Housing correction 'won't be orderly' Australian Financial ReviewApr 7 2017 9:00 PM Larry Schlesinger Ask respected property analyst Martin North what form the coming downturn in the housing market...
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BFCSA: If the housing bubble bursts economy will come tumbling down
If the housing bubble bursts economy will come tumbling down The Australian 12:00am April 8, 2017 Adam Creighton If Australia’s debt-fuelled housing boom proves to be a bubble and pops, it will be one...
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BFCSA: Developers, non-banks behind property bubble. NOT! Developers are...
Developers, non-banks behind property bubble The Australian 12:00am April 8, 2017 Alan Kohler The regulators are cracking down on bank lending, but they may be missing the mark. A property financier...
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BFCSA: ASIC chairman Greg Medcraft compared the situation this week to the...
NAB, Westpac to add web warnings on interest-only loans Australian Financial Review Apr 7 2017 11:00 PM Geoff Winestock Westpac and NAB say they are updating their online calculators of mortgage...
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BFCSA: Australia: Following Canada into a Financial Black Hole
Australia: Following Canada into a Financial Black Hole By Unconventional Economist in Global Housing at 10:20 am on November 10, 2010 | 18 comments...
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BFCSA: Scott Morrison, tries to blame banks, voters and himself
Liberals blaming everyone but themselves. They were supposed to control these Bankers. Banking Laws are there, but bad Government policies, self reg thought bubbles and non-enforcement of law are the...
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BFCSA: ASIC's Corp Cop Greg Medcraft predicts 'the crowd' will destroy...
ASIC’s Greg Medcraft predicts 'the crowd' will destroy bank models Australian Financial Review Apr 9 2017 11:00 PM Alice Uribe Australia's banking model faces a probable break-up as global technology...
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BFCSA: The Great Australian Housing Bubble arse-covering begins - whose to...
The great housing bubble arse-covering begins By Guest in Australian Property at 12:20 am on April 10, 2017 | 0 comments Cross-posted from Rational Radical....
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BFCSA: Fed Treasurer Morrison admits: "We are all frustrated by the lack of...
Morrison flags sweeteners for super to fix affordability crisis Australian Financial Review Apr 10 2017 12:01 AM Jacob Greber Super funds and other large pools of capital are being challenged to help...
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