7:30 Does Interest Only Loans Problem

A segment on ABC 7:30 discussed the problem faced by many interest only mortgage holders as tighter lending standards bite, forcing some to higher payment P&I loans or to sell.

We discussed this issue some time back, and made an estimation that $60 billion of such loans are likely to fall foul of the tightening.

 

 

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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