Banks tighten borrowing rules
Story date: 2008-03-16 05:22:00
Added on: 2008-03-16 18:43:06
News.com.au - Aussie Home Loans founder John Symond said yesterday the banks' new strategy, driven by a squeeze on profit margins because of the higher cost of funding loans, would result in some borrowers being locked out of the mortgage market.
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