Commonwealth Bank predicts house prices could drop by as much as 32% | ABC News

Australia’s biggest mortgage lender has issued a dire warning on house prices if Australia has a prolonged economic downturn due to Covid-19. If the fallout from the pandemic drags on, the Commonwealth Bank says prices could crash by a third. Even its best-case scenario sees prices down by more than 10 per cent. Read more … Read more Commonwealth Bank predicts house prices could drop by as much as 32% | ABC News

Here’s what to do if you can’t pay your mortgage

In his more than 17 years on the air, radio host AC Green has advised families in the Chicago area on how to keep their homes through mortgage modifications. Here’s his advice on how to manage during these uncertain times. SPECIAL OFFER: To thank you for your support, here’s a deal on a Washington Post … Read more Here’s what to do if you can’t pay your mortgage

ASX rises despite banks deferring $6.8 billion in loan repayments | Finance Report

Here’s why the property market isn’t collapsing: 307,000 people have been let off their mortgage repayments so they don’t have to sell the house having lost their job. The total amount of repayments the banks have foregone, including business loans and credit cards is 6.8 billion dollars. Read more here: https://www.abc.net.au/news/2020-05-04/asx-rise-afterpay-surges-on-tencent-investment/12211496?section=business For more from ABC … Read more ASX rises despite banks deferring $6.8 billion in loan repayments | Finance Report

Coronavirus update: The latest COVID-19 news for Sunday 3 May | ABC News

A 14th resident has died in a western Sydney aged care facility at the centre of a COVID-19 outbreak. The home’s operator, Anglicare, has confirmed 76-year-old Ann Fahey died in Nepean Hospital yesterday. The outbreak at Newmarch House has infected 37 residents and 24 staff members, bringing the total to 61. In this update: 0:00 … Read more Coronavirus update: The latest COVID-19 news for Sunday 3 May | ABC News

Why mortgages aren’t cheaper | Charts that Count

The FT’s US finance editor Robert Armstrong explains why mortgage rates haven’t fallen in line with low interest rates. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or to suggest videos. ► Listen to our podcasts: … Read more Why mortgages aren’t cheaper | Charts that Count

Truck driver from Melbourne freeway crash hit with multiple charges over police deaths | ABC News

A 47-year-old truck driver has been charged with four counts of culpable driving causing death, in relation to the freeway crash that killed four police officers. Leading Senior Constable Lynette Taylor, Senior Constable Kevin King, Constable Glen Humphris and Constable Josh Prestney died when the truck crashed into them about 5:30pm on Wednesday after they … Read more Truck driver from Melbourne freeway crash hit with multiple charges over police deaths | ABC News

Porsche driver charged with multiple offences, will appear in court today | ABC News

Police have charged the driver of a Porsche with fleeing the scene of Wednesday’s truck crash that killed four officers, as detectives face a days-long wait to interview the driver of the truck behind the crash. Leading Senior Constable Lynette Taylor, Constable Glen Humphris, Senior Constable Kevin King and Constable Josh Prestney were killed when … Read more Porsche driver charged with multiple offences, will appear in court today | ABC News

Kiwis rushing to banks for mortgage relief | nzherald.co.nz

Banks say they are being approached in large numbers by customers seeking to defer mortgage payments for six months or seeking to reduce payments to interest only. Kiwibank CEO Steve Jurkovich tells Business editor at large Liam Dann more. Full Story: http://nzh.tw/12323544 Subscribe: https://goo.gl/LP45jX Check out our playlists: https://goo.gl/Swd249 Like NZ Herald on Facebook: https://goo.gl/tUC4oq Follow NZ Herald … Read more Kiwis rushing to banks for mortgage relief | nzherald.co.nz

Stuck in a Housing Market Limbo Because of Coronavirus

Jerome Reback was planning to move into his new semi-detached home in northwest London in less than two weeks with his wife, five children and two dogs. He spent much of Friday looking for somewhere to rent and store their furniture. #Coronavirus #Covid19 #CoronavirusMortgage With about a quarter of the world in lockdown, the order … Read more Stuck in a Housing Market Limbo Because of Coronavirus

COVID-19 rips into America’s ‘weak debt-dependent’ economy

The world economy is continuing to take a hammering during the pandemic slowdown. Millions are out of work and struggling to pay their bills. On Wall Street, there’s a warning shot that another mortgage crisis is on the way – and that it’ll be worse than the credit crunch of 2008 Subscribe to RT! https://www.youtube.com/channel/UCpwvZwUam-URkxB7g4USKpg?sub_confirmation=1 … Read more COVID-19 rips into America’s ‘weak debt-dependent’ economy

Barrack Says Real Estate Collapse Will Take Hold in April

Mar.30 — Real estate billionaire Tom Barrack, Colony Capital’s chairman, founder and chief executive officer, talks about the state of the commercial mortgage market and if the Federal Reserve is doing enough to help it. He speaks to Erik Schatzker on “Bloomberg Markets.”

Three reasons mortgage rates aren’t as low as interest rates

Interest rates have been slashed to near zero. Here’s why mortgage rates are still lagging. Insights via @CMEGroup: https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at quicktakenews@gmail.com QuickTake by Bloomberg … Read more Three reasons mortgage rates aren’t as low as interest rates

Government again delays decision on national rent relief amid COVID-19 crisis | ABC News

Australians facing eviction, or a looming mortgage payment they can’t afford, didn’t get any answers today. A national cabinet decision on rent relief has now been delayed three times, but as Daniel Ziffer reports, it’s a delay many can’t afford. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content … Read more Government again delays decision on national rent relief amid COVID-19 crisis | ABC News