Browsing the archives for the non conforming tag.

Low Doc No Doc and Non Conforming loans are not dead yet!

Mortgage Now

Below is my comment on a story from Lending Central.  See the full story here…

Graham Doessel CEO Mortgage Now www.mortgagenow.com.au September 30, 2008

I agree with Ms Neilsens comments about the need to do more and the fact that some segments of the market are finding it harder to borrow funds BUT…

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What about the Mums and Dads that dont qualify for a standard Mortgage?

Mortgage Now

 I recently posted this comment below about a story I read on www.lendingcentral.com

The full article can be found here

http://www.lendingcentral.com/2008/09/29/is-the-nightmare-over-cautious-optimism-about-swans-4bln-proposal/#comment-431

 

 

 

What help will there be for the nonconforming market segment?

In the past 12 months there has been a marked reduction in the numbers of lenders and the products they sell.

 This all comes back to less choice for the consumer and some of these Mums and Dads are really Hurting!

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