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Mortgage insurer 'drove' lo doc lending criteria

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Australian Broker | 03 Aug 2010, 07:00 AM Agree 0
Mortgage insurer Genworth has admitted it played a crucial role in tightening up loan regulations in the wake of the GFC
  • Alan Morton | 03 Aug 2012, 10:34 AM Agree 0
    I think largely the "ban " on low doc is counterproductive to the industry and related industries as many self employed are not always structured the way the bean counters at the banks want them. As long as the LVR is conservative. Even full doc borrowers can have change in incomes and circumstance, so the industry and goverment policy makers have nobbled their own market by going "too much the other way"
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