MAS conducted thematic inspections on the residential mortgage pricing and disclosure practices of large mortgage lenders over 2020 and early 2021. The paper highlights good practices observed from the inspections, and sets out MAS’ supervisory expectations in the areas of (i) transparency; (ii) consideration of customer’s interests; and (iii) accountability and product governance over the mortgage lending business.

Explains the application of MAS Notices on Housing Loans to borrowers who are individuals and who own residential property gazetted for acquisition.

Explains the application of MAS Notices on Housing Loans to borrowers who are individuals and who own residential property gazetted for acquisition.

Informs financial institutions to use the same valuation as CPF Board in computing the maximum loan amount under MAS’ Notices on Housing Loans.

Informs financial institutions that cash rebates offered for housing loans are not permitted under MAS’ housing loan rules.