• 28/01/2022

Category: Lending

More changes to finance

More changes to finance

A new approach to lending could have a dramatic impact on whether Australians can get a mortgage. A letter sent from the Australian Prudential Regulation Authority (APRA) to the banks shows how it is developing…

DTI limits and buffers in APRA’s arsenal to manage credit risk

DTI limits and buffers in APRA’s arsenal to manage credit risk

Annie Kane| Mortgage Business| 11 November 2021 https://www.mortgagebusiness.com.au/breaking-news/16240-apra-consults-on-new-credit-risk-management-approach?utm_source=MortgageBusiness&utm_campaign=Mortgage%20Business11_11_2021&utm_medium=email&utm_content=1&utm_emailID=8a8e1573aa7aed348b3ce216911220f449b12b769f3b1261337d04577713208e Debt-to-income ratio limits and serviceability buffer changes are to be embedded into APRA’s standard for credit risk management. The Australian Prudential Regulation Authority (APRA) has written to banks asking…

$47,000 gone: Major new mortgage rules from Monday

$47,000 gone: Major new mortgage rules from Monday

Lucy Dean| Yahoo Finance| 30 October 2021 $47,000 gone: Major new mortgage rules from Monday (yahoo.com) Australians hoping to buy property will be forced to prove they can repay their mortgage if rates rise 3 per…

Time for a crackdown on ‘liar loans’ to douse home price bonfire

Time for a crackdown on ‘liar loans’ to douse home price bonfire

Jessica Irvine| Sydney Morning Herald| 5 October 2021 https://www.smh.com.au/business/the-economy/time-for-a-crackdown-on-liar-loans-to-douse-home-price-bonfire-20211004-p58x3g.html Since deciding to become a property investor, I’ve experienced a range of emotions, including both guilt and pride – don’t let anyone tell you it isn’t…

Six questions to ask yourself before applying for a home loan

Six questions to ask yourself before applying for a home loan

Euan Black| The New Daily| 21 July 2021 https://thenewdaily.com.au/finance/dollars-and-sense/2021/07/21/home-loans-six-questions/ Buying your first home is a rite of passage in Australia but not something to be rushed. Thorough research and planning is essential to securing the…

“It is important that lending standards are maintained”

“It is important that lending standards are maintained”

The Australian housing market recorded its fastest annual growth since April 2004 and there is even a spark of life in the investor market – is this good news or bad? Over the past 12…

The reason why we are talking about a lender crackdown is to avoid actually having a lender crackdown

The reason why we are talking about a lender crackdown is to avoid actually having a lender crackdown

This week, a number of finance regulators said they were turning their mind to enforcing robust lending standards. Straight after, CBA announced it was adopting a more conservative stance in its lending policy. Accredited Broker…

One in five have a liar loan: Experian

One in five have a liar loan: Experian

Michael Roddan| Australian Financial Review| 22 June 2021 https://www.afr.com/companies/financial-services/one-in-five-have-a-liar-loan-experian-20210622-p5833i One in five Australians have fibbed to the bank when applying for a loan in order to avoid being knocked back by the lender, raising concerns…

Banking regulators poised to tighten lending standards to cool market

Banking regulators poised to tighten lending standards to cool market

Shane Wright & Clancy Yeates| Sydney Morning Herald| 19 June 2021 https://www.smh.com.au/politics/federal/banking-regulators-poised-to-tighten-lending-standards-to-cool-market-20210618-p5823u.html The Reserve Bank and the nation’s prudential regulator are poised to tighten lending standards in the face of soaring property prices and growing…

How is the property market changing and how can you profit from it?

How is the property market changing and how can you profit from it?

While the housing market is strong, there are signs it’s slowing. Under these conditions knowing whether buyers can get finance will be key. The white-hot price gains of March moderated in April. Sydney auction clearance rates…

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