General
Lenders Could Be At Risk From Mortgage Misrepresentations
According to an investment bank report in late 2017 the level of loan approvals containing misrepresentations or inaccuracies could leave lenders exposed to a housing downturn.
The first hearings of The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in 2018 examined evidence to determine if banks have done enough to verify the information on home loan applications.
Over-valuing income from real estate assets and overvaluing the security are…
-
General21 hours agoToni Lamond, known for her roles in Annie Get Your Gun and My Fair Lady, dies aged 93
-
General22 hours agoPolice continue search for missing man Chris Thorne in Melbourne’s west
-
Noosa News22 hours agowhy blank screens and dark shapes can be scary for people with Alzheimer’s disease
-
Noosa News11 hours agoInside the big change in homebuyer habits during the Christmas holidays