Business
Joye: Default tsunami coming in March – MacroBusiness
Good work from Chris Joye today: One significant concern relates to record unofficial arrears in illiquid and subordinated bonds comprising “securitised” portfolios of Australian home loans, SME loans and consumer loans that are packaged up and sold to invest…
One significant concern relates to record unofficial arrears in illiquid and subordinated bonds comprising securitised portfolios of Australian home loans, SME loans and consumer loans that are packaged up and sold to investors through residential mortgage-backed securities (RMBS) and asset-backed securities (ABS). We are particularly anxious about RMBS and ABS issued by non-bank lenders, which are not actively supervised by Australias tough banking regulator that mandates minimum lending standa…
-
Noosa News18 hours agoTributes for father Braiden Timmins and son Hendrix-hemi killed by ute in Regents Park, south of Brisbane
-
Business24 hours agoBell Potter names cheap ASX dividend shares to buy now
-
Noosa News13 hours agoUrgent warning to locals as multiple crews battle major industrial fire at Rocklea in Brisbane’s south
-
General23 hours agoWaiting them out. Australia’s Greater Sunrise Gas heist