APRA has finalised its proposed changes to the serviceability assessments performed on residential mortgage applications, effective immediately. 

In a letter to ADIs issued today, the regulator confirmed it will no longer expect lenders to assess home loan applicat...

Earlier today the Australian Prudential Regulation Authority (APRA) issued a letter to all authorised deposit-taking institutions (ADI) regarding consultation on revisions to prudential practice guide APG 223 residential mortgage lending. While that may not mean very m...