Auckland Standards committee 2 v Burcher Short [2015] NZLCDT 47 [pdf, 78 KB]
...attributable to the Global Financial Crisis and the general downturn in the property market around 2008 to 2009, some of it must also be attributable to poor lending decisions initially, overly optimistic valuations, exceeding first mortgage recommendations (permitted by the Rules but not advisable) and having too great a portion of the loan portfolio advanced to one group of associated borrowers.” [35] Prior to the receipt of Maffey 2, Mr Eades had noted, in relation to the Maffey 1...