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Non-banks quash alt-doc exodus predictions

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Australian Broker | 11 May 2012, 03:00 AM Agree 0
Resimac and Pepper have said proposed NCCP enhancements are unlikely to deter brokers from non-conforming lending
  • Michael Watson | 14 May 2012, 02:47 PM Agree 0
    The most important factor to consider is that the market will continue to exist for these products regardless of legislative changes.

    Lenders have adapted and from what I have seen we all structure our upfront forms and requirements in a way which best protects all parties to the transaction (including borrowers).

    Brokers do not need to back away from this segment. If they do, they’re just leaving a bigger slice of the pie for others.
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