Via The Australian comes Same White, chairman of mortgage broker Loan Market and deputy chairman of the Ray White real estate group:
…even the banks’ credit teams were unsure of their lending standards.
“There’s no upside in saying yes, only downside, so it’s easier to say no,” he told The Australian. “For most of the major lenders — the big four banks — the decline rates would be above 40 per cent at the moment.”
