RBA warns the banks ‘don’t be stingy’ (2GB Money News)

The Reserve Bank of Australia has warned banks to loosen up their lending practices when approving home loan applications. Firstmac CFO James Austin tells Ross Greenwood bank staff need to be more consistent when granting credit.  

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01 Aug 2015

Non-banks set to boom thanks to APRA crackdown on property investors

Smaller mortgage lenders are queuing up to take a bigger slice of the the big banks' hefty profits from home loans, as banks are forced to tighten the screws on landlord borrowers.

As Westpac and Suncorp became the latest banks to raise interest rates for investors on Friday, the country's biggest non-bank lender, Firstmac​, said it was seeing early signs of a surge in demand for property investors.- Sydney Morning Herald- view article