Discusses the issues behind the demand for reverse mortgages in Australia. Reasons for cautioning the purchase of reverse mortgage products; Cause of the rising demand of reverse mortgages; Comments of Kiere...
Applicability to non-bank lenders One of the questions that the Royal Commission will need to deal with is whether any new or higher standards should also be applied to non-bank lenders. If not, many borrowers denied finance by the application of a higher bank standard will turn to non-bank...
serviceability calculations for individual borrowers are often like those used in residential mortgage lending. This is particularly the case for lenders that also originate residential mortgages as it enables them to leverage existing operational and credit...