Mortgage News
Kiwibank's mortgage book not as risky as it looks
Friday 27th of June 2008
Kiwibank's GDS for the March quarter was its first under the new Basel ll rules.Kiwibank is still in the process of classifying all its home loans under the new rules and all those not yet classified were included in those with loan-to-value ratios (LVRs) above 90%, Knowles says.
All Kiwibank's loans above 80% LVRs are fully insured by third parties and some of the loans included in i...
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