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CBA to refinance home loans for borrowers not meeting industry standard

The country's prudential regulator advises lenders to refinance home loans only if they believe the customer could repay at 3% higher than current market rates. While CBA's alternate buffer is not in line with the regulator's recommendation, it does not break the serviceability buffer, the regulator said, as it allows exceptions to the policy but warns against high volumes. CBA has a quarter of the Australian mortgage market, where thousands of borrowers are expected to end thei...
Sameer Manekar Nivedita Bhattacharjee Commonwealth Bank Commonwealth Bank Of Australia Australian Prudential Regulation Authority Policy Exceptions
Source: yahoo.com

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