Swedish Bankers in Talks on Joint Plan to Cut Mortgage Debt
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Annika Falkengren, the chairman of the Swedish Bankers’ Association, is in talks with her members to target reducing mortgage debt.
Falkengren, who is also chief executive officer of SEB AB, is working on an industry-wide amortization plan to address growing indebtedness, she said yesterday in an interview. The goal is to set a standard that requires borrowers to cut mortgage debt to less than the 70 percent threshold of home values Swedish banks currently target, she said.