Banks are tightening their internal lending processes in an attempt to improve the quality of their loans and ensure borrowers can repay in changed circumstances.
ANZ issues lending 'blacklist' for Perth and Brisbane
ANZ is clamping down on lending in Perth and Brisbane to encourage greater honesty in loan applications and amid concerns about apartment oversupply and softening prices.
A UBS survey of 900 people who took out home loans this year, found that only 67 per cent said their application was "completely factual and accurate".
