With the RBA dropping rates significantly Australia seems to be avoiding the existing financial crisis, or are we being set up for an Australian Version of the Sub-Prime Mortgage Crisis?
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Nationwide-Mortgage.com , President & CEO, David Reischer discusses with Bloomberg’s, Margaret Popper, current effect of mortgage applications on residential refinance and home purchase loans. The ability for home owners to qualify for Conforming, Non-Conforming, FHA and Reverse Mortgage loans as effected by stricter underwriting standards due to the recent credit crisis.
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