terry ryder in the australian, page-27

http://www.couriermail.com.au/ipad/loan-seekers-over-35-in-for-a-shock/story-fn6ck2gb-1226000722052

"According to real estate agents,"

"said Geoff Baldwin, the chief executive of real estate group ReMAX."

and...

"Last week our mortgage insurer rejected an application we took for an 80 per cent LVR loan from a 59-year-old woman with $20,000 in super," Ms Montgomery said.

The example of a 59 year old, with 20k in super wanting a 80% lvr loan. Coincidentally the same anecdotal story they pulled out again this week about how hard it's been for borrowers. If it was that bad out there couldn't they come up with a better example of how draconian these new lending standards are?

So the whole story is based on some quotes from a real estate agent, who are regularly caught with their pants down

http://macrobusiness.com.au/2011/04/the-big-spruik/

and the knock back of a loan to a 59 year old? And somehow you're expecting us to believe no one over 35 has been approved for a loan since January 1?

lulzy lulz lulz