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APRA has nothing to worry about, says non-major

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Australian Broker | 26 Oct 2015, 08:00 AM Agree 0
A non-major lender says the competition in the owner-occupied market will “absolutely” continue to heat up, but credit standards will “absolutely not” be relaxed
  • Denise Brailey BFCSA (Inc) | 26 Oct 2015, 03:38 PM Agree 0
    Lending standards have been "relaxed" for almost two decades and therein lie's the property bubble problem. Victims of these loans are getting very restless indeed. The bubble that APRA recently said "is no longer a problem" after living in denial for years: "there is no bubble problem." Look at the state court lists of defaulting mortgage loans.
  • GC | 27 Oct 2015, 08:36 AM Agree 0
    Denise, if people stopped continuing to get credit after the mortgage loan settles they wouldn't be in trouble. It's not the mortgage loan that creates the problem it's the multiple credit cards and personal loans people get that creates the problem.
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