Banks that target property investors and customers taking out interest-only mortgages will face tighter capital requirements for these loans, under rules designed to deal with Australia’s skew towards.
Another part of the rules, which would have limited the number of payday loans a person could roll over. something federal regulators are typically allowed to do under law. AP Business Writer.
Unlike residential loans, the terms of commercial loans typically range from five years (or less) to 20 years, and the amortization period is often longer than the term of the loan.