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Tried digging, credit team doesn't even know yet. It's only being release next week. From what I've been told will be similar to other banks, clamping down little bit on investors. My bet would be changes to servicing OFI @ actual. Would be guessing they would now be based on an...

CBA changes coming 18/6 TBA

Not only just fixing, but jumping into bed with banks who are forced to close up shop when the going gets tough. I think back to what MQG did during the GFC, but that was quickly forgotten by a lot with heaps of business going there way. Going to be interesting to see how everything pans...

Your calculations are spot on. At this stage because CBA is now the front runner across the majors in a lot of people's eyes, which will likely come with increased activity. This activity could and likely will attract the attention on APRA if the bank doesn't act first. My understand is that...

CBA assessment rate still 7.25% less discount entitled to at this stage. So more like 6-6.5%

I don't understand this comment, sounds like a uneducated comment regarding LMI. Just because LVR is <80% doesn't mean it's all good to buy. Any property you purchase should be worth it. LMI can be a great tool which allows you to purchase using a smaller deposit/equity. LMI is reasonable priced...

Agree that it's very negligible impact on my majority of my business, but for the mortgage insurer >80% is 100% of their business. Even if the >90% is only 5-10% of the business it's still a big chunk at once.

On a side note but related to the topic. What is this going to do to the Mortgage Insurers? Surely a drop in max LVR means lost business. They would have to come up with this shortfall through increased costs elsewhere.

How so? Aren't most of the OTP getting picked up by o/seas buyers? Contracts are signed on OTP before valuations for finance are even completed.

90% makes sense, would be very interesting to see 80% from a Big4