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RBA, APRA sing different tune on serviceability buffers
APRA chair Wayne Byres has dismissed the need for a cut to the buffer rate for mortgage serviceability assessments, despite openness to an adjustment from Reserve Bank ...
COMPLIANCE • Thu, 28 May 2020
Bank automates pre-approval process
A non-major lender has announced changes to its pre-approval process to address a spike in its turnaround times amid a 300 per cent surge in home lending volumes.
LENDER • Tue, 26 May 2020
ANZ strained by mortgage inflows as turnaround times spike
The major bank’s turnaround times have increased significantly, despite recent efforts to “clean up” its processes.
LENDER • Thu, 21 May 2020
Advantedge to cease lending to ‘non-core segments’
The wholesale funder has overhauled its offering in a bid to “simplify” its product and service proposition.
BROKER • Thu, 14 May 2020
Industry awaits ‘missing piece’ of BID puzzle
Aggregators have welcomed ASIC’s decision to defer implementation of the best interests duty, which was at risk of being “rushed” and falling short of expectations
LENDER • Mon, 11 May 2020
ASIC delays BID implementation
The corporate regulator has announced that the introduction of the best interests duty will be pushed back to 2021 to allow the industry to focus on managing the COVID-19 ...
COMPLIANCE • Fri, 08 May 2020
Bank backs down on redraw policy
A non-major has scrapped its controversial redraw policy following widespread, cross-industry criticism.
LENDER • Fri, 08 May 2020
APRA relaxes mortgage serviceability guidance
The prudential regulator has eased its responsible lending guidance around the changing of loan terms for existing mortgage customers amid the COVID-19 crisis.
COMPLIANCE • Thu, 07 May 2020
Bank hikes fixed home loan rates
A non-major lender has increased fixed rates across its owner-occupied and investment products in response to a rise in funding costs.
LENDER • Thu, 07 May 2020