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AUSTRALIA is well placed to avoid a sub-prime housing crisis like the US crisis had in 2008 because of high-quality lending practices, a Reserve Bank of Australia official says. Lending standards must stay high - RBA
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SHARES are cheap, and that's good news for buyers with a long-term view. Here are some stock and other ideas with a view to growth, as collected by The Australian's contributors and sources. How to be wealthy and wise: Part II
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The AtlanticGingrich, Fannie and FreddieWashington Post (blog)Therefore, on numerous occasions in meetings with Freddie Mac, Speaker Gingrich advised that a business model that involved lending money to people with bad credit and no money down was unsustainable and a bubble, and that it was dangerous to buy .Conn Carroll: Facts show Fannie, Freddie led mortgage market to the collapseWashington ExaminerFannie Mae Seeks Another $7.8 Billion in Federal AidThe New Americanall 613 news articles »
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Posted on 23 June, 2011
In recent years it has been easier to get a loan or credit to fund a new car or whatever else you fancied. But now it's all changed and times are definitely harder. The change started when the number of repossession of homes in the US suddenly started to rise during autumn 2006. The effect of this has had a knock on effect across the world.
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