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Hiya Whats perhaps NOT clear is that the challenger money for non conforming was ALWAYS rate for risk. Even in todays enviro, youd be well into double digits if you needed that sort of money. See, NAB doesnt need that sort of rate, they are already making early to mid teens on...

HIya looks like maybe it didnt take long for NAB to already out its foot down on what they see as risky business. BMC announced this arvo that BMC wishes to advise that our source of NON CONFORMING HOME LOANS has advised that the program has been withdrawn from sale of all NEW LOANS...