New MAS regulation launched on Debt Servicing Ratio (DSR) !! 1. - TopicsExpress



          

New MAS regulation launched on Debt Servicing Ratio (DSR) !! 1. All borrowers to be mortgagors 2. Guarantor to be borrower if TDSR exceeds 60% 3. Interest to be used is 3.5% for DSR calculation for residential loans 4. Average age taken for joint applications for loan tenure 5. Apply haircut to variable income at 30% 6. Take into account all financial obligation in calculations for TDSR(including monthly repayment for loan applying for) 7. Haircut and amortization of the value financial asset used in TDSR calculations
Posted on: Sat, 29 Jun 2013 08:37:57 +0000

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