
Mortgage News
Fitch warns about high LVR lending
Monday 18th of March 2013
It said that reflected the high likelihood of support, if required, from their Australian parent banks, the New Zealand Government and Reserve Bank.
It acknowledged the drought could affect farmers’ ability to repay debt, which could hurt profit, and pointed to an increase in high loan-to-value housing lending as an area of concern.
Fitch also says New Zealand banks’ reliance on w...
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