Government considers scrapping bank exit fees

The Rudd Government is looking at ways to make it easier for borrowers to change banks by exploring the possibility of scrapping bank exit fees.

'liar Loans' Face Blame For Wiping Out Home Owners

JOE Ripplinger took out a $US184,000 mortgage in 2006 and makes payments every month. Now he owes $US192,000 ($A214,000).