Pursuits
Norway Watchdog Seeks Tighter Lending to Cool Housing Market
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Norway’s financial regulator proposed stricter regulations to curb debt growth and surging home prices as the government said it was important not to restrict financially strong households’ access to loans.
The Financial Supervisory Authority recommended imposing a minimum 2.5 percent a year amortization requirement on mortgages with loan-to-value ratios of more than 65 percent. The maximum LTV should remain at 85 percent, the FSA said in a statement.