Swedish FSA seeks 85% LTV mortgage limit

Sweden’s top financial regulator took aim at the country’s booming property market with a proposal on Tuesday that banks limit the value of home loans to 85% of a property’s value. Swedish policymakers and regulators have been increasingly concerned about rising household debt levels and fast-rising property prices despite the economic downturn, and are keen to let some steam out of the market. They are aware that raising borrowing costs too quickly could stymie the country’s still-shaky recovery from country’s deepest recession in more than half a century.

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Title premium volume fell 31% in 2023 

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s  Market Share Analysis, released Tuesday. […]

3d rendering of a row of luxury townhouses along a street

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