After losing its case on two fronts, ASIC said decision “creates uncertainty” around lender requirements
Regulator simultaneously announced the lawsuits as it ramps up its post royal commission litigation
The amended serviceability assessment goes into effect today
However, another lender in its group passed on just 22bps
APRA data reveals notable contrast in investor activity between the big four and smaller lenders
Multiple changes in one day brought the first sub 3% rate for new owner occupier loans