News stories from around the web relating to business, mortgages, and finance
WITH three interest rate rises behind us and more forecast this year, more homeowners are considering insurance for mortgage payments.
News Money
To begin 2010 a little closer to being mortgage-free, there are five steps investors need to take, according to Mortgage Choice.
Australian Property Investor Magazine
So we know the GFC is here. Many of us have lost our jobs, we’re all watching our superannuation shrink faster than we can top it up, and all of a sudden bling is out and understated is the new black.
But what does a nearly recession actually look like? The Team at the Punch has come up with our list of the 50 ways the Global Financial Crisis (it’s officially capped, you know), has changed Australia.
The Punch
Global advertising economy has been permanently ‘reset’ at a lower level, says Microsoft chief executive
The Guardian.co.uk
National Australia Bank has appointed a new head and executive team for its Next Generation core banking systems overhaul program in preparation for the project’s next phase.
zdnet Headlines
In the Sydney Morning Herald today, an article looking at the issue of bank switching costs. It argues that the government moves last year to make it easier for people to switch banks has been unsuccessful as evidenced by a lack of take-up.
CoreEconomics
The ACT Government has found a lender for a scheme which allows people on low incomes to take out a home loan while renting the land from the Government.
Yahoo!7 Finance News
HOMEOWNERS are rushing to lock in their mortgage rates, fearing interest rates have bottomed and will rise.
news.com.au
POLICE believe he is the head of one of Sydney’s crime families, and now Nasser Kalache has been declared mastermind of a $2 million mortgage fraud that targeted the Commonwealth
Business Sense
The argument over the management of the First Mortgage Fund will be heard in the Queensland Federal Court today, as the deadline for lodging proxy votes also arrives.
MoneyManagement.com.au
STAMP duty on housing loans is set to be abolished after the Henry tax review, which is likely to recommend extra cash for the states.
The Australian
Danger still stalks European banking. This is the message from developments last week ranging from an ECB warning of a bad-loan mountain to an estimate by a ratings agency that some banks may not survive in their present shape.
Sydney Morning Herald Business
Nearly everybody gets the timing wrong with fixed mortgage rates. If you think you can outsmart the bank, the statistics suggest you are deluding yourself.
The Age
BlackRock, the giant U.S. money manager, said on Thursday it will buy Barclays Global Investors for $13.5 billion (8.1 billion pounds) in a deal that will make it the world’s biggest asset manager.
Reuters UK
Morgan Brown
Blown Mortgage
Phil Naylor
CEO - MFAA
Peter White
President - FBAA
Dean Rushton
Loan Market Group
Greg Sugars
CEO - Opteon Group
Kent Lardner
PriceFinder
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