All posts tagged "Mortgages"
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231Australia & NZACCC Mortgage Pricing Inquiry to Extend Beyond Mortgage Pricing
ACCC chairman Rod Sims reportedly told a parliamentary hearing that bundling products such as credit cards and insurance would form part of the agency’s inquiry.
October 24, 2019 -
201Australia & NZ
ACCC to Probe Banks on Mortgage Pricing Decision-making
The ACCC is commencing an inquiry to find out why banks are not fully passing on interest rate cuts to borrowers, and what prevents customers from switching to cheaper lenders.
October 15, 2019 -
173Australia & NZAPRA Wants More Data on Lenders’ Property Exposures
APRA is proposing to incorporate more detailed data on residential property exposures and new housing loan approvals in its QPEX statistical publication.
September 25, 2019 -
298Capital RegulationTaiwan FSC to Ease Calculation Method for D-SIB Capital
The move follows push back from some banks, saying that the higher capital buffer required of D-SIBs could raise funding costs and make them less competitive.
September 16, 2019 -
594Australia & NZ
APRA Proposes Loosening of Mortgage Rules
APRA proposes to give ADIs more flexibility in the way they assess mortgage loan serviceability, while also increasing the maximum borrowing capacity for a given borrower.
May 22, 2019 -
482Australia & 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 -
761Australia & 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 -
418Australia & 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 -
467Australia & NZ
APRA 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 -
1.1KAustralia & NZ
Australia’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
