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Non-bank Lenders Are Borrowers’ Alternatives In The Weakening Mortgage Market

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The post is originally shared by Stephanie Chalmers. PHOTO: ANZ says tightening in lending standards has been a significant driver of the downturn in the housing market.(ABC News: Michael Coggan) As the banks tighten the reins on housing lending, anticipating a post-royal commission crackdown, non-bank lenders are providing some “insulation” for the housing market. A slew […]

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Around 30 Per Cent Maximum Borrowing Capacity Reduced By New Full Loan Verification

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Banking royal commission: Will the credit squeeze become a credit crunch? This post is originally shared by Stephanie Chalmers PHOTO: The big four banks have all tightened their home loan assessment processes this year. (ABC News: Alistair Kroie) Following the release of the banking royal commission’s interim report, analysts are divided about just how much further the […]

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