tag:blogger.com,1999:blog-5613349802102193582.post5677027062968610549..comments2023-12-22T23:56:04.826+11:00Comments on Houses and Holes: AOFMacDavid Llewellyn-Smithhttp://www.blogger.com/profile/01762856583909059662noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5613349802102193582.post-12533841293386278582010-12-14T19:00:52.450+11:002010-12-14T19:00:52.450+11:00Luke Garratt - yes indeed - I see from this invest...Luke Garratt - yes indeed - I see from this investor presentation (p12 -13) that low doc loans are indeed just fine:<br /><br /><a href="" rel="nofollow">http://www.aofm.gov.au/content/publications/speeches/2010/AOFM_RMBS_Investment_Program/AOFM_RMBS_Investment_Program_Sept_2010.pdf</a>The Weathermanhttps://www.blogger.com/profile/12479436579558683407noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-52721426058777646372010-12-14T13:46:44.340+11:002010-12-14T13:46:44.340+11:00The Weatherman - AOFM eligibilty is too generous t...The Weatherman - AOFM eligibilty is too generous to start with:<br /><br />up to 95% LVR<br />$750k loan size<br />up to 10-year interest onlyAnonymoushttps://www.blogger.com/profile/14174686607141287339noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-89190619274214592062010-12-14T13:13:25.115+11:002010-12-14T13:13:25.115+11:00We should all pay heed to the experts from Choice ...We should all pay heed to the experts from Choice - don't concentrate on stability of the banking system at the expense of competition!!!! Competition at all costs - the mantra of Choice it would seem<br /><br />This was their advice to the Senate hearing today. Did see their banking spokesman on a programme over the weekend and had serious misgivings about his understanding of global finance. Misgivings now confirmed.<br /><br />When you have 'respected' entities giving advice such as this, Treasury leading Swan down a dangerous path, Stevens waving a warning flag and politicians that in the main are clueless and primarily motivated by where the next vote will come, it does not auger well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-46607846259584502832010-12-14T12:27:24.356+11:002010-12-14T12:27:24.356+11:00In my view the real problems with Fannie and Fredd...In my view the real problems with Fannie and Freddie didn't set in until they changed their focus from buying sensible home loans to buying huge volumes of low doc/no doc/self certified nonsense.<br /><br />Are there any restictions around the AOFM to ensure they can't do the same thing?The Weathermanhttps://www.blogger.com/profile/12479436579558683407noreply@blogger.com