Loans without proof: lenders are keeping up with the growing number of contractors and self-employed people who cannot get conventional finance

Article Abstract:

The importance of proofs needed for getting personal loans is discussed. Rams Home Loans in Australia has come forward with a low-documentation loan called Low Doc, which offers mortgages based on the value of the asset rather than on the more conventional assessment of the borrower's capacity to service the lo

Mortgage and Nonmortgage Loan Brokers, Consumer Loans, Analysis, Evaluation, Personal loans, Documentation

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Lending losers

Article Abstract:

National Australia Bank, Commonwealth Bank, ANZ Banking Group, Westpac Banking Corporation and St. George Bank posted net profit totaling $14.9 billion for 2004-05. The reasons behind reporting of low increase in market share, on lending side, are presented.

Sales, profits & dividends, Market share, Company sales and earnings, Company earnings/profit, Company market share, Commonwealth Bank of Australia, Australia and New Zealand Banking Group Ltd., Westpac Banking Corp., National Australia Bank Ltd., St. George Bank Ltd.

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Resets: Proceed with caution

Article Abstract:

A new financial instrument called reset preference share is used by Bank of Queensland to raise its capital in the market. In this case, payments to investors would have the right to convert their assets to ordinary shares at the five-year intervals.

Product information, Financial instruments, Bank of Queensland Ltd.

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