Mortgage News

SBS mortgage book shrinks again

Wednesday 29th of August 2012

SBS Bank's mortgage book fell by $24.7 million to $1.72 billion in the quarter. Using Reserve Bank figures as proxy for the numbers disclosed in banks' disclosure statements this quarter, that means SBS Bank's share of mortgages written by registered banks fell from 1.02% to 0.99% in the three months.

Most of the shrinkage came from mortgages with loan-to-valuation ratios (LVRs) of 80% o...

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