The Mortgage Lending Landscape Has Changed Over the Past Week

On Friday of last week the banking regulator, the Australian Prudential Regulation Authority (APRA) wrote to all authorised deposit-taking institutions (ADIs) announcing further measures to reinforce sound residential mortgage lending practices.  Since then we have seen the CoreLogic home value index showing that capital city dwelling values are increasing at their fastest annual pace since 2010.  We have also seen the Australian Securities and Investment Commission (ASIC) announcing…