2min chapter

The Joe Walker Podcast cover image

The Dogged Journalist Who (May Have) Pricked A Property Bubble - Adele Ferguson

The Joe Walker Podcast

CHAPTER

The Royal Commission on Mortgage Lending

More than 50% of home loans written in this country are by mortgage brokers. The bigger the loan they write, the bigger the more money they make. They have these targets that they have to... If they don't write a certain number of loans, they get punished. It really fueled a lot of people who couldn't afford loans were getting them because it was more lax than actually going straight to the bank.

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