101NAB succumbs to cost pressures and hikes rates
- ... cent An increase of 16 basis points on its investor principal and interest home loan, from 5.80 per cent to 5.96 per cent An increase of 16 basis points on its owner-occupier interest-only home loan, ...
- 24 January 2019 in News
102The biggest threat to the Australian mortgage industry
- ... Narev to Stephen Sedgwick. The letter outlined that broker loans were associated with higher leverage, are more likely to be interest-only, have higher LVRs and higher interest costs than those originated ...
- 22 January 2019 in News
103Loans to linger in arrears for longer: Fitch
- ... expects early-stage arrears (30 to 90 days) to “remain broadly stable” in 2019 at 60 basis points “even though lenders have modestly raised mortgage rates for investment and interest-only loans”. The ...
- 18 January 2019 in News
104Non-banks to ‘dominate’ in 2019: S&P
- ... Regulation Authority’s (APRA) cap on interest-only and investor lending, it is “unlikely” to have a “material impact” on lending growth rates among ADIs in the short term, particularly as lenders tighten ...
- 18 January 2019 in News
105Bank-aggregator loan book hits $36.9bn
- ... “across the board”, claiming that the bank doesn’t have the “same limits that other larger banks have had in the past with regards to investor and interest-only loans”. [Related: Bank-aggregator reveals ...
- 16 January 2019 in News
106Lender lifts home loan rates by 20bps
- ... with variable rates for all existing principal and interest (P&I) and interest-only (IO) home loans to increase by 20 basis points, effective Friday, 11 January. However, the lender noted that the majority ...
- 11 January 2019 in News
107APRA-engineered housing correction ‘impressive’: Moody’s
- ... cooling,” Moody’s observed. Moody’s claimed that regulatory measures have “driven improvement in the quality of banks’ mortgage lending”, citing the reduction in the growth of interest-only lending. ...
- 08 January 2019 in News
108Treasurer urges banks to ‘keep loan books open’
- ... housing credit growth, Mr Frydenberg has urged banks to re-stimulate the flow of credit in response to the removal of APRA’s caps on investor and interest-only loan growth. “Now that APRA's intervention ...
- 07 January 2019 in News
109Over 900,000 IO loans to expire from this month
- More than 900,000 interest-only (IO) home loans approved in 2014-15 will expire from this month, reverting to principal and interest (P&I) payments, according to an analysis by finder.com.au. Financial ...
- 02 January 2019 in News
110Delinquencies to rise in 2019: Moody’s
- ... property market conditions, rising interest rates, high household indebtedness, and the conversion of interest-only loans to principal and interest. However, the ratings agency stated that the increase ...
- 02 January 2019 in News
111‘More of the same’ in 2019 as ‘rapid’ slowdown continues
- ... become incrementally more difficult and where investors and interest-only borrowers are having to pay higher mortgage rates.” Further, Mr Kusher expects “more of the same” continue in 2019, particularly ...
- 27 December 2018 in News
112APRA flags commercial lending risks
- ... interest-only cap] ...
- 21 December 2018 in News
113Rebound in IO lending ‘doubtful’ despite cap removal
- APRA’s decision to scrap its interest-only benchmark is unlikely to persuade banks to up their intake of interest-only loans, according to AMP senior economist Shane Oliver. Speaking to Mortgage Business, ...
- 20 December 2018 in News
114APRA scraps interest-only cap ...
- The prudential regulator has announced that it will be removing its 30 per cent speed limit on interest-only lending from 1 January 2019. The Australian Prudential Regulation Authority (APRA) has ...
- 19 December 2018 in News
115ACCC’s investigative powers enhanced by funding boost
- ... on interest-only lending. [Related: ACCC accuses majors of ‘synchronised’ revenue grab] ...
- 18 December 2018 in News
116High LVR lending falls to ‘record low’
- The decline in the banks’ risk appetite has been highlighted by the latest statistics from APRA, with low-deposit, low-doc and interest-only lending falling sharply. The Australian Prudential Regulation ...
- 13 December 2018 in News
117ACCC accuses majors of ‘synchronised’ revenue grab
- APRA’s cap on interest-only lending served as a “convenient focal point” for the major banks to engage in “synchronised” mortgage pricing activity that undermined competition, the ACCC has said. In ...
- 12 December 2018 in News
118Risks of tighter lending flagged by economists
- ... in a declining market, it’s even more important for lenders to make sure borrowers can pay off their debts and avoid issuing interest-only loans. “While tighter lending rules will hasten the decline ...
- 06 December 2018 in News
119Burgeoning competition a risk to credit quality: S&P
- ... types of lending, including from self-managed super fund (SMSF), interest-only and investor borrowers, which she said is evidenced by the non-banks’ “less-seasoned’” portfolios. “I suppose one of the ...
- 29 November 2018 in News
120Digitisation of loan variations ‘more important than ever’
- ... interest-only to principal and interest repayments, moving from a fixed rate to a variable rate, the permanent pay down of a loan, or release of a loan guarantor. According to the NextGen.Net sale director, ...
- 27 November 2018 in News