- Asbestos Audits QueenslandParticipant@aaqJoin Date: 2005Post Count: 47
Harry Dent and Robert Kiyosaki have been predicting this for a while so when is the best time to buy up and/or how will affect Australia are we going to have another bank clampdown on loans. Look forward to any insights from Steve here as he has been over there and I would like to know how his test investments are going over there?Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
The introduction of the National Consumer Credit Protection laws which came into effect for most on the 1st July 2010 have already had the affect of reducing the amount of funds borrowers can borrow thru a Bank or Broker.
All we will need is further tightening of lenders / mortgage insurers own policy and that will hurt even further.BullmarketParticipant@bullmarketJoin Date: 2007Post Count: 51
This graphical information describing Alt A and ARMS mortgage resets in 2011 and 2012 might informNigel KibelParticipant@nigel-kibelJoin Date: 2005Post Count: 1,425Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
Nigel i think you are right although regretfully Brokers holding Authorised Representative Status will no longer be able to use the US lenders for their Australian Clients.