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By Byron Kaye and Lewis Jackson
SYDNEY (Reuters) -Australia's Westpac Banking Corp said it will refinance loans for some borrowers who don't meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes.
The country's No. 2 mortgage provider has told mortgage brokers that "if a customer is unable to meet serviceability under the standard assessment criteria", it might apply a modified serviceabilit...
>>> Read more: Australia's Westpac says won't stick to home loan guideline as interest rates surge
SYDNEY (Reuters) -Australia's Westpac Banking Corp said it will refinance loans for some borrowers who don't meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes.
The country's No. 2 mortgage provider has told mortgage brokers that "if a customer is unable to meet serviceability under the standard assessment criteria", it might apply a modified serviceabilit...
>>> Read more: Australia's Westpac says won't stick to home loan guideline as interest rates surge
