Harmoney

[leesal]

Supposedly Harmoney has changed the grading system... So a B5 loan of yesterday is no longer the B5 loan of today.

Does this resonate? I came across this dubious B5, and can't see too much evidence of a difference between the grading on 1.6 and 1.5. So am wondering if there was validity to this claim?

Annotation 2019-11-19 091408.png

[joker]

ScreenHunt.jpg
12 months and the wholesale (owners & institutions) RAR has increased by nearly 1% while the retail (us mugs) RAR has declined slightly. I suspect that the "better" loans are being cherry picked for the owners?

[Toukshare]

Supposedly Harmoney has changed the grading system... So a B5 loan of yesterday is no longer the B5 loan of today.

Does this resonate? I came across this dubious B5, and can't see too much evidence of a difference between the grading on 1.6 and 1.5. So am wondering if there was validity to this claim?

Annotation 2019-11-19 091408.png

Wow, the repayment to income ratio is scary!!!
Apart from that, I guess as a borrower he seems not too bad - homeowner of 13 years with stable job and history of repayments. If he's a B5 I agree nothing much has changed, I would have expected him/her to be a lower B in the new grading system.
I just think he's just borrowing too much.

[leesal]

Wow, the repayment to income ratio is scary!!!
Apart from that, I guess as a borrower he seems not too bad - homeowner of 13 years with stable job and history of repayments. If he's a B5 I agree nothing much has changed, I would have expected him/her to be a lower B in the new grading system.
I just think he's just borrowing too much.

There's this too.

Attachment 10860

I just tend to take a small piece of everything. Just to get the benefit of the information... But within reason

[stoploss]

There's this too.

Attachment 10860

I just tend to take a small piece of everything. Just to get the benefit of the information... But within reason

Basic benefit is $ 210 a week , living with parents unlikey to be accomodation supplement on top ..... I can't see how Harmony can put up a loan like this - surely it does not comply with the responsible lending code.......