Banks tighten lending criteria – Warning by the head of the RBA..

Caveat Loan Exit Strategy
What is a Caveat Loans Exit Strategy?
July 10, 2018

This year has seen major changes in lending, of which we have spoken about previously. Some initiatives made to reduce Interest Only loans have been reversed by APRA, while the RBA has made comment in speeches warning banks to loosen their lending criteria. Where is all this gong?