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Fed fears grow over banks' commercial property loans
The Federal Reserve is beefing up its examination of US banks, fearing that profligate lending to commercial property developers could ultimately prove as damaging to the financial system as the subprime mortgage debacle.

'Baby Boomer' credit defaults soar
Baby Boomer lifestyles 'are coming home to roost' as defaults on credit payments rise, a credit information provider says.

Blue Chip investors lose case
Pensioners Bruce and Judy Bartle have lost their case against the finance company that lent them more than their house was worth to invest in Blue Chip.

Home loan affordability falls to low point
It's harder than ever to get into a new home, a study released today by interest.co.nz reveals.

Caution urged on mortgage rate drop
Top economists are warning potential home buyers to proceed with caution as another bank drops its variable mortgage rate to the lowest in 40 years.

Mortgage broker in alleged $13m dollar real-estate scam
A mortgage broker is one of three men allegedly involved in a massive mortgage and property price scam.

Banks chase man accused of $1.8m rip-off
A high-profile criminal is accused of master-minding mortgage frauds described as NZ's most complicated, costly and cunning.

House prices gain, but with a warning
House values are climbing back towards last year's levels but the rise may be just temporary, one valuation company says.

Home loan rate cut to lowest in 40 years
ASB's floating home mortgage rate is the cheapest on the market and is thought to be the lowest available to home buyers for decades.

Spring boom for Auckland real estate market
Auckland has enjoyed a huge boom in real estate sales over the past 12 months, says Barfoot & Thompson.

Three in court over $10m property scam
SFO alleges deception involved inflating the purchase price of property.

<i>Brian Fallow</i>: Time to add GST to rents and mortgages
The biggest problem the tax system faces is that in a globalised era we are taxing all the wrong things.