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Loan Modification

: Mortgage Lender Implode-o-Meter

Commonwealth Bank Boosts Rates by Almost Double RBA, Risking Political Ire

By Implode-Explode Heavy Industries

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"The move comes amid criticism of Australian lenders, which face a Senate inquiry into competition, fees and funding costs, and opposition calls for improved regulation. The decision means Commonwealth Bank customers will pay an extra A$1,056 ($1,054) a year in repayments on an average A$300,000 mortgage."

Full post as published by Mortgage Lender Implode-o-Meter on November 02, 2010 (boomark / email).

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