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ANZ has also released guidance to brokers on how best to accurately assess clients' financial situation, including keeping a record of their conversations. An ANZ spokesman said the update was for a handful of Brisbane and Perth locations and was "part of their ongoing efforts to ensure we are lending responsibly and in consideration of all our regulatory responsibilities". "We regularly look at a number of factors in relation to residential apartments to make sure we are meeting our responsibilities including, supply and demand, rental yield, vacancy rates and location," the spokesman said. Ms Brailey has long accused the banks of committing widespread mortgage fraud to increase profits by deliberately targeting vulnerable people in the community. These include pensioners the banks dubbed ARIP customers — or asset rich and income poor. Ms Brailey said she had more than 2,000 low income people on her books that had lost or faced losing their homes after being "preyed on by banks" and granted loans they could not afford. "I have seen 70 and 80-year-olds on incomes of $30,000 a year given million dollar loans. It is just a disgrace," she said. "These are not isolated incidents, every case I've looked at has got fraud, some of them have got forgery, but they are all unaffordable, unstainable, unverified loans. "In some cases, the elderly customers were paying the interest on their loans with the bank's money." Meanwhile, a major forecasting firm said a boom had resulted in an oversupply of dwellings in Queensland, WA, SA, the NT and the ACT.
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