Consumer Insight - Mortgages In Australia [mortgageapproved.blogspot.com]
www.consumerwarningnetwork.com Figuring out just how much junk major banks have on the books was a goal of the federal governments just released stress test for the 19 major banks receiving federal bail-out dollars. Theres still no clear answer, but we continue to see more evidence that a high percentage of sub-prime mortgages were steeped in fraud and have a high probability of failure. The American News Project just released the video above which reports fraud carried out by employees of major sub-prime lenders, like Ameriquest, was a key factor in the mortgage meltdown. Consumer Warning Network first reported our findings on this very issue more than a year ago, and is cited in the ANP report. ANP reporter Lagan Sebert talks with a former Ameriquest employee who says her company promoted a system rife with fraud as a way to make profits faster.
mortgageapproved.blogspot.com Fraud By Mortgage Companies Key Cause of Foreclosures
July 14--Wells Fargo & Co.'s 17% jump in second-quarter profit reflects its emphasis on Main Street lending, with commercial and consumer loans edging higher and the lowest mortgage rates in history stuffing its pipeline of pending home loans to near ... Wells Fargo profit up 17% as lending increases [Los Angeles Times]
Consumer Insight - Mortgages in Australia
Introduction
In 2010 Datamonitor will release two mortgage reports, splitting the content between consumer insight and market analysis. This report focuses on consumer insight issues, including consumer outlook, mortgagor satisfaction and lender brand image. Later in the year, a market report will focus on market shares, product analysis and forecasts.
Scope
*Provides data on consumer outlook and mortgage intentions.
*Draws upon a large Datamonitor consumer survey to gain insights into the current mindset of the Australian mortgagor.
*Provides an overview of changes in mortgage satisfaction and brand image.
*Analyzes different segments of mortgage demand.
Highlights
The future direction of Australian property prices is currently hotly contested, with some economists predicting a crash and others forecasting steadily rising prices over the next year, with a major reason for these divergent opinions being the presence of two strong opposing forces of affordability and undersupply.
There are several product innovations that promise to help mortgage affordability in the face of rising property prices. These include shared equity mortgages (SEMs), mortgages with longer loan terms, and shared mortgages.
Most economic observers and industry participants have relatively low forecasts of first time buyer and investor activity over the next 12 months. However, there are indications that the market may be underestimating demand from these two segments
Reasons to Purchase
*Plan your future strategy with confidence using Datamonitor''s in-depth consumer survey data.
*Understand the outlook and attitudes of your potential customers in the mortgage market.
*Track and benchmark brand image and satisfaction ratings.
To know more and to buy a copy of your report feel free to visit :
http://www.bharatbook.com/detail.asp?id=150639&rt=Consumer-Insight-Mortgages-in-Australia.html
Related Reports
UK Mortgages 2010: Mortgage Innovation
http://www.bharatbook.com/detail.asp?id=134435&rt=UK-Mortgages-2010-Mortgage-Innovation.html
European Mortgages 2009: Forecasts and Market Shares
http://www.bharatbook.com/detail.asp?id=129263&rt=European-Mortgages-2009-Forecasts-and-Market-Shares.html
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