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LODOC LOANS MORE LIKELY TO BE IN ARREARS, SAYS S&P.

Publication: AsiaPulse News
Publication Date: 21-APR-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SYDNEY, April 21 Asia Pulse - Low documentation (LoDoc) loans are twice as likely to be in arrears than standard residential mortgage loans to prime Australian borrowers, says Standard & Poor's Ratings Services (S&P).

However despite market speculation about the performance of the loans, arrears levels on LoDoc loans...

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