Financial Sector (Collection of Data) (reporting standard) determination No. 32 of 2016 - Reporting standard RRS 392.0 - Housing Finance
5. Commitments to refinance existing hom5. Commitments to refinance existing home loans
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5. Commitments to refinance existing home loans
A refinanced lending commitment is one that refinances an existing loan on the same residence (i.e. security unchanged), where the refinancing lender is not the original lender. It does not include the situation where an institution refinances its own loan, or where the refinancing is for the purpose of a change of residence. These are considered as new lending commitments.
Include:
• only those loans where the original lender is other than this institution.
Exclude:
• all loans where there is no change in security and this institution was the original lender.