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Loan Modification

: Mortgage Lender Implode-o-Meter

Australian Lenders Learn Nothing from US Housing Bust: Mortgage House offer 105% Mortgages, Westpack offers 97% Mortgages

By Implode-Explode Heavy Industries

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Smack in the face of a US housing bust and an enormous property bubble in Australia, Australian lenders are offering up to 105% mortgages.

It is amazing to see sheer stupidity played out on the assumption "It's Different in Australia".

Full post as published by Mortgage Lender Implode-o-Meter on September 13, 2010 (boomark / email).

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