interest-only benchmark to be removed for residential mortgage lending
Commercial loans - including mortgages to investors - fell by 3.1% in October, according to the ABS. (AAP) Source: AAP
The Australian Prudential Regulation Authority (APRA) has announced that it will remove its supervisory benchmark on interest-only residential mortgage lending starting from next year. Ivan Leung has invited Kam Yuen to shed us with some light.
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