Norway to tighten mortgage lending after pandemic easing

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By Bill Thornhill
23 Sep 2020

Norway’s Ministry of Finance has said it will apply tighter mortgage lending standards from next week after temporarily loosening them to support the economy. The move, which was not unexpected in light of the resilient state of the economy and stubbornly high house price inflation, will minimise mortgage defaults.

Based on advice from Norway’s Financial Supervisory Authority, the finance ministry said it would reapply tighter mortgage loan origination criteria from September 30. 

These had been loosened temporarily in the wake of lockdowns in a bid to mitigate the negative economic impact of lockdowns used to contain the spread ...

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