Debt worries spur new guidelines
March 8, 2010
Financial regulators in Norway, worried about rising debt levels, are urging banks to tighten lending procedures. They’ve sent out new guidelines that will make it harder for borrowers to qualify for mortgages. “I never would have been able to get a loan under these new rules,” first-time homebuyer Jannicke Sæbø told newspaper Dagens Næringsliv (DN). [...]
