Heya,
Long time coming, another step up from APRA in supervising lending standards through the current upswing in the housing cycle.
No specific action but focussing on the 'counselling' of lenders to ensure prudent standards. I'm not sure how this will flow through to investors, but it could signal some action in the near future and further marginal shifts in lending policy.
I think the key message here is: This guidance will primarily guard against any further relaxation in standards.
http://www.apra.gov.au/MediaReleases/Pages/14_30.aspx
Cheers,
Redom
Long time coming, another step up from APRA in supervising lending standards through the current upswing in the housing cycle.
No specific action but focussing on the 'counselling' of lenders to ensure prudent standards. I'm not sure how this will flow through to investors, but it could signal some action in the near future and further marginal shifts in lending policy.
I think the key message here is: This guidance will primarily guard against any further relaxation in standards.
http://www.apra.gov.au/MediaReleases/Pages/14_30.aspx
Cheers,
Redom