Panel 1
Mortgage Trust flaws
Canterbury Mortgage Trust
Tower Mortgage Plus
Funding mismatches
Borrow short, lend long
Property investor exposure
Panel 2
Property market crunch
Investors can't sell
Can't pay off bridging loans
Panel 3
Time to sell up to 50 days
Sales volumes have halved
Property cash crunch
Panel 4
Tower Plus arrears 9.1%
Canterbury arrears 20%
NZMIT arrears 9%
We're investigating the rest
Here we go again. But if nobody will invest in Mortgage Trusts any more, nobody will get Mortgage. We may come to day when you will have to pay cash for the house you want to buy.
advanet 3 years ago
Hanover finance just fell over
altfseven 3 years ago
The real problem is you have a central bank creating the boom bust cycle.
Chandlerbin2006 3 years ago