RBNZ seeks feedback on low equity loan restrictions

Wed, 05 Jun 2013

By Paul McBeth June 5 (BusinessDesk) - The Reserve Bank is seeking feedback on its new macro-prudential tool to restrict lenders’ ability to write low equity loans. The central bank has released a consultation paper on the ‘framework for restrictions on high-LVR (loan to value ratio) residential mortgage lending’ and wants views on its application. Work has started on the high-LVR restrictions as it will mean a number of changes to the existing prudential framework, the Reserve Bank said. No final decision has been made about imposing the...

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