Mortgage News
Bank reports show different mortgage risk appetites
Tuesday 24th of June 2008
Reporting under the new bank disclosure rules, known as Basel ll, the community trust-owned TSB Bank's annual report shows just over 90% of its mortgage book has loan-to-value ratios (LVRs) below 80%.Only 3.6% of its book has LVRs above 90%.
By contrast, 17.5% of the Government-owned Kiwibank's mortgage lending is on LVRs above 90%. The only one of the four majors to report under the...
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