$10,000 of Christmas Debt Disaster.
Banking Royal Commission Legislation In Parliament.
It will start with a gentle nudge to sell.
Australia is facing a loan deferral crisis.
Are we starting to see the Beginning of forced house sales?
$1 Mortgage insurance from the banks. At least it isn’t the government stepping in.
Banks are being encouraged to use their capital for loans.
Commonwealth Bank looking to extend interest only rates.
Westpac tightens credit and 100,000 bank loans deferred.
Unemployment is looking to reach 2 Million people.