From the AFR:
Australian and New Zealand Banking Group is excluding some temporary and provisional visa holders from special borrowing and saving packages.
The bank has written to mortgage brokers also warning that its “appetite for discretionary pricing” for the borrowers has changed.
Last month it announced tough new measures intended to tackle suspected fraudulent applications after detecting loan documents missing pages, untraceable employer references and suspicious income statements.
The Australian Financial Review also revealed overseas’ borrowers could purchase forged loan applications, with financial records on Bank of China letterhead, for about $250.
More the merrier.
