Mortgage News

ASB's mortgage book shrinks for a seventh successive quarter

Friday 2nd of March 2012

The loan-to-valuation ratio (LVR) table in ASB Bank's latest disclosure statement shows its mortgage book shrank by $38 million to $37.36 billion in the three months ended December. Its book has declined by $545 million since March 2010.

But even though its book is shrinking so much, ASB's figures also provide some confirmation to anecdotal evidence that some banks are loosening their le...

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