Via Domainfax comes chief executive of broking giant Aussie Home Loans, James Symond:
After banks have tightened credit standards “dramatically” in the last year, Mr Symond said more customers Aussie was dealing with were falling outside the lending policies of banks, which have ramped up their scrutiny of customers’ living expenses.
…”I’m hoping everyone is looking at it very, very carefully, because I’m seeing a credit marketplace tightening a lot, a real lot. And if we saw it tighten any more, I think that you mightn’t get the desired outcomes you want,” he said in an interview with Fairfax Media.
