The exercise is part of ASIC's review of mortgage broking practices
ASIC’s Michael Saadat talks about the regulator’s latest deep dive into interest-only loans and its upcoming shadow shopping exercise
In a rare moment, ASIC, APRA and the RBA spoke on the benefits brokers provide consumers, all while UBS' latest report continued to spark outrage
The regulator has also said that consumers are “not the best judge” when it comes to underwriting standards
More details have emerged about how much ASIC’s cost recovery scheme will set credit providers back in the future
The regulator has revealed details of its reviews on interest only lending by brokers, loan fraud allegations, and reverse mortgages
The regulator has been in discussions with 11 banks in its ongoing inquiry into responsible mortgage lending
A senior executive from the regulator has said the review will delivered within a couple of weeks
Corporate regulator ASIC has announced a new review into the mortgage broking sector, focusing on a broker’s responsibilities in regards to interest-only lending
More than half of interest-only loans come through the third party channel, ASIC has revealed ahead of its forthcoming review of mortgage brokers
