TMM - News

Mortgage bond overhaul moves closer

Wednesday 14th of November 2018

The central bank has proposed a new bond market which will allow banks to sell-off mortgage-backed securities, shares in huge packages of New Zealand home loans. Mortgage-backed securities allow banks to offload underlying debt from their mortgage books to investors.

Historically, unlike many nations, New Zealand banks have kept mortgage debt on their balance sheets. The debt amounts to...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.