Why is the RBNZ obsessed with DTIs?
According to Interest.co.nz's: "Mortlock is a consultant on economic and financial policy, drawing on many years of experience as former senior staffer at the RBNZ and APRA" - it's not warranted as a means for maintaining financial stability...
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RBNZ obsession with DTIs unwarranted
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Are Lenders Failing To Do Due Diligence On Borrowers?
Hi All,
I think this is worthy of discussion. Here is s family that has a combined income of $8700 per month and repayments of $4000 (45.9%). Their lender says they can afford the repayments and they've not been given proof of hardship. Now the borrowers face mortgagee sale of their... -
Debt to income just Property Investors
Reserve Bank Mr Orr says property investors may be debt to income tested as another mechanism to stop property price growth. (was on One News 6pm).
Would this be for existing loans that come off fixed terms as well as all new loans? Maybe interesting times ahead .
cheers ... -
LVR starts today. Industry skeptical.
Industry are skeptical the LVR will have much effect?
KELVIN DAVIDSON of Core Logic says the restrictions are unlikely to do much.
BRUCE PATTEN of Loan Market Brokers says the loan restriction won't make much difference.
Thoughts?...