Dusk Chorus: CCCFA tweaks emerge
MBIE releases exposure draft of CCCFA regulatory tweaks to release (a few) of the mortgage lending shackles; MBIE says some were interpreting CCCFA 'more onerously and restrictively than intended'
TLDR: MBIE has published the details of already-foreshadowed tweaks to CCCFA rules to make it easier to approve mortgage applications, adding to buyer and home owner confidence that the current slide in house prices won’t go too much further.
As foreshadowed almost a month ago by Commerce M…
Keep reading with a 7-day free trial
Subscribe to The Kākā by Bernard Hickey to keep reading this post and get 7 days of free access to the full post archives.