All posts tagged "Mortgages"
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350Australia & NZAustralia Reverses Course on Mortgage Broking Trail Commissions
Following strong industry backlash, the Australian government has decided not to prohibit trail commissions for mortgage brokers, and instead conduct a review into the issue in 3 years.
March 13, 2019 -
589Australia & NZMortgage Brokers Push Back Against Hayne Recommendations
A blanket ban on commissions as suggested by Kenneth Hayne would have a “devastating effect” on mortgage broking industry, says MFAA CEO Mike Felton.
February 8, 2019 -
307Australia & NZNew Zealand Banks Called Out for High Priority Amounts on Mortgages
By setting mortgage priority amounts almost three times the home loan principal, banks are preventing borrowers from shopping around for a second mortgage.
January 9, 2019 -
338Australia & NZAPRA Removes Cap on Interest-Only Lending
Caps on investor and interest-only lending have served their purpose of moderating higher risk lending and improving lending standards, according to APRA chairman Wayne Byres.
December 20, 2018 -
893Australia & NZAustralia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC
An inquiry by Australia's competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.
December 11, 2018 -
293Australia & NZRBNZ Consults on New Mortgage Bond Standard
The new standard aims to reduce contingency risks for the central bank as a lender of last resort and ensure financial intermediaries supply sufficient HQLA assets.
November 14, 2018 -
286Capital RegulationKorea Expands Crack Down On Speculative Household Lending
Regulatory authorities will conduct on-site inspection to ensure that banks are in compliance with tighter household lending requirements and that business loans have not been used to purchase houses in 15 wards of Seoul.
August 30, 2018 -
266Capital RegulationS. Korea Credit Unions Toughen Mortgage Lending
Credit unions will apply stricter lending calculations for home mortgages starting this week, as the government tries to rein in rapid growth in household debt.
July 22, 2018 -
288Australia & NZRoyal Commission Exposes Multiple Lending Practice Failures at Big Four
Public inquiry’s first round of hearings reveals multiple failures at ‘big four’ banks to lend in customers' best interests.
March 29, 2018 -
284Australia & NZ
APRA Mulls Removal of Mortgage Lending Cap
Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.
March 6, 2018
