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The Big Story: New life in low-docs
With companies like Pepper Home Loans and Bluestone seeing massive gains in the low-doc market, demand for the products seems to be on the rise. But has demand for the non-conforming loans ever really gone away? As lenders become more comfortable with re-entering the non-conforming space, can they keep pace with pent up borrower appetite, and are the loans safe?
Today, Selector Group director Ian Jordan, LJ Hooker Financial Services head Peter Bromley, Intelligent Finance managing director Justin Doobov and Pepper Home Loans chief operating officer David Holmes discuss the rising popularity and potential pitfalls of low-doc home loans.
See it on The Big Story, on BrokerNewsTV