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Got any references for these 'many such borrowers' and 65%? 65% of what? All low doc borrowers? Borrowers targeted by the ATO? Low doc borrowers targeted by the ATO? You have cut and pasted this to a couple of posts now, lets have some justification. Low doc loans aren't for people...

Quite a few lenders books were sold off or left to die during the GFC. GE money, Macquarie, Bluestone to name a few. All of the big four also increased their rates out of synch with the reserve if I remember rightly? Bankwest, Adelaide bank and Rams were all purchased by a big four...

But then you got a little financial stress as Leymans collapsed and interest rates increased substantially?

I reckon the top of the good old days was self declared income to 90%. It didnt last long, and by that reckoning we arent there yet.

accountants letter to $750k or 80% LVR. 12 months Bas statements for higher loan amounts, still limited to 80% LVR.

Rams is now doing Low Doc loans to 80% LVR without LMI. Interesting development when the rest of the market seems to be going the other way with risk and pricing etc..... I wonder if this will be shortlived, or if other lenders will follow?