RBNZ implement new limits on lending - restricts high debt to income loans ...Middle East

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Reserve Bank of New Zealand announcement:new DTI restrictions (debt to income) will create limits on the amount of high-DTI lending that banks can make (i.e. where the borrower has taken on a high amount of debt relative to their gross, or pre-tax, income)LVR restrictions limit the amount of low-deposit lending that Banks can make.“LVRs target the impact of defaults by reducing the amount of potential losses in the event of a housing down-turn. While DTIs reduce the probability of default by targeting the ability of borrowers to continue to repay debt. Both act as guardrails reducing the build-up of high-risk lending in the system,” “Having both the DTI and LVR restrictions in place means w

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Last updated : 28 May 2024 clock 01:32 AM

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RBNZ implement new limits on lending - restricts high debt to income loans ...Middle East

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