Latest news (24,642 items)

Low doc loans on the rise

The influence of "low doc" loans in the mortgage game is increasing. Preliminary pool data for Interstar Securities' latest mortgage backed bond shows that 28 per cent of loans are low doc in style, made to self employed borrowers. read more

Brokers line up TD Waterhouse

TD Waterhouse seems more likely to be sold, or shut, than survive by making profits in Australia. Toronto Dominion's chief on Friday said that TDW operations outside Canada had to make profits in 2003, or be sold or be shut. read more

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