Mortgage News

Co-operative exploits temporary window to grow low equity mortgages

Friday 31st of August 2012

The former PSIS' June quarter disclosure statement shows it grew its mortgage book by $14.9 million to $1.12 billion in the three months ended June with mortgages with loan-to-valuation ratios (LVRs) above 90% accounting for $8.85 million of that growth.

The bulk of the rest of the growth, $5.77 million, came from mortgages with LVRs below 80%.

If the Reserve Bank figures prove to...

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