The research shows just how hard it can be to assess a borrower's expenses
Analysts have looked at recent documents on a review of Westpac's mortgage serviceability requirements
Brokers respond to "improper" statement that proprietary loans are lower risk
UBS called the major banks' reporting of borrowers' gross household income as "highly improbable"
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Bank's focus on proprietary channels could be a reason for its slower housing loan growth
The global bank has put out a second report claiming that IO borrowers are more likely to experience financial stress through brokers
Brokers are more likely to push for an inaccurate loan application than the banks, reveals new research from UBS
Analysts from the bank have reported that a drop off in broker originated loans at the major lender is an “important development”
While the CEO noted the importance of brokers, the bank's financial figures show an uptick in proprietary lending
