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AIMS Home Loans (AIMS) informed brokers yesterday that it had temporarily suspended new applications for its low-doc and no-doc products.
Speaking with Mortgage Business today, AIMS head of credit and support Jim Miltiadis emphasised that the suspension would only be short-term.
“The suspensions are simply a prudent step we have taken to review our products, our internal processes, recent credit restrictions introduced by LMI providers, and the impending increase in LMI premiums,” he said.
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“It is certainly only a temporary withdrawal,” he said.
Published: 23-04-08
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