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”
Analysts from a global bank have questioned whether borrowers are being honest when reclassifying themselves as owner occupiers
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The major banks have also condemned the state’s surprise budget move, expressing their concerns about the newly announced levy
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But the MFAA disputes the report, saying it used incorrect data and is misleading
All three of the major banks that reported results for the first half of 2017 saw revenue fall, according to a new report
