• 28/01/2022

Category: Regulatory Changes

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…

APRA runs through lending control toolkit

APRA runs through lending control toolkit

Sarah Simpkins| Mortgage Business| 12 November 2021 APRA runs through lending control toolkit – Mortgage Business The prudential regulator has outlined the next intervening steps it could take, as housing prices and debt levels continue…

Why Todays Announcement Won’t Impact the Property Market that Much

Why Todays Announcement Won’t Impact the Property Market that Much

After a record-breaking year of property growth, the regulator has announced limitations on how much the banks can lend.  Accredited Broker believes that this will have a minimal impact. In an effort to stop stellar…

How stamp duty is keeping houses off the market

How stamp duty is keeping houses off the market

Michael Bleby| Australian Financial Review| 1 October 2021 https://www.afr.com/property/residential/how-stamp-duty-is-keeping-houses-off-the-market-20210930-p58w9x Rising stamp duty costs have contributed to a drag on the amount of housing stock coming to the market over the past 13 years, new research…

“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…

Get your diploma before you get cut-off

Get your diploma before you get cut-off

Many brokers risk being cut off if they have not completed their mortgage broking diploma. Recent legislative changes mean brokers who want to obtain the diploma will be required to complete the new Diploma of…

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…

APRA war games credit restrictions as household debt rises

APRA war games credit restrictions as household debt rises

James Frost and John Kehoe| Australian Financial Review| 17 June 2021 https://www.afr.com/companies/financial-services/apra-asks-banks-for-more-data-on-lending-20210617-p581rf The peak group of financial regulators have eyeballed the pick-up in home lending and the return of property investors as an emerging issue,…

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…

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