Business
Commonwealth has possibly broken banking rules by buying back stressed loans – NEWS.com.au
Commonwealth has possibly broken banking rules by buying back stressed loans
Commonwealth Bank has been buying back stressed mortgages from its securitisation trusts during the coronavirus pandemic, possibly breaching banking standards. CBA from March to July bought back about $80 million worth of stressed home loans from securitisation trusts, which are residential mortgage-backed bonds usually sold on to investors, according to The Australian.
The concept behind selling on stressed loans in the form of a collective mortgage-backed security is to remove the risk from the…
-
Noosa News22 hours agoNew self-serve style chip shop, Chip ‘n’ Mix, in Noosa becomes an instant obsession
-
General21 hours agoPoliticians asked how to Trump-proof Australia’s fragile economy on Q+A
-
General21 hours agoAsia stocks plunge, HK suffers steepest fall since 1997
-
Noosa News11 hours agoSudden death investigation, Maroochydore – Sunshine Coast