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Banks should be proactive when it comes to risk, argues J.P. Morgan

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Julia Corderoy | 04 Sep 2014, 05:48 AM Agree 0
Leading financial services firm, J.P. Morgan says that banks adopting a more proactive approach to lending risk will reduce concerns over mortgage debt serviceability when interest rates rise – for both the banks and consumers
  • SEQ BRoker | 04 Sep 2014, 10:27 AM Agree 0
    Some lenders are already servicing at 8.25% And I thing Genworth looks at that amount as well. So On one have the buffer looks to be sufficient.

    On the other hand, If interest rates approach 8.25% in Australia yes there will be lines of people at banks holding their keys. This falls into the realm of whats done is already done. Wouldn't matter if it was changed now.
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