Westpac New Zealand's mortgages surged in the latest six months by $1.44 billion to $66.96 billion compared with growth of just $333 million in the six months ended September, the bank's latest disclosure statement shows.
In its next monetary policy statement (MPS), the RBNZ should signal that a drop in the OCR is imminent, Squirrel Mortgages chief executive David Cunningham.
Mortgage advisers accounted for slightly less of Bank of New Zealand's new mortgages in the six months ended March compared with the previous September half year , but adviser share of the overall portfolio continues to grow.
Mortgage arrears continue to climb from recent lows and are expected to rise 0.7% by the end of the year, up from 0.5%, the Reserve Bank’s latest Financial Stability Report shows.
Takapuna-based mortgage company adviceHQ is expanding.
The earliest the Reserve Bank is likely to impose debt-to-income (DTI) restrictions on bank mortgage lending is July this year, the central bank says in its latest financial stability report (FSR).
One defendant pleads guilty in a multiple million dollar mortgage fraud scheme.
Half of the mortgages written by Christchurch-based New Zealand Mortgages are for buyers with a 5% deposit.
The Commerce Commission will hold a consultation conference on the banking competition draft report in Auckland on May 13.
Encouraging business owners to seek financial advice is good business - for you and them.
Unwinding the impact of all the 2021 CCCFA changes probably won’t happen, says David Cunningham, Squirrel Mortgage chief executive.
Short term fixed rate loans surged in the first few months of the year.
Vega Mortgages is joining forces with the nation’s newest aggregator Finsure
The dumping of 11 pages of overly prescriptive affordability regulations under the CCCFA are a welcome return to common sense, the Financial Services Federation (FSF) says.
Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the Reserve Bank’s 2023 climate stress test has found.
Ministers have, over the weekend, announced their first changes to CCCFA.
High and persistent domestic inflation will dampen Reserve Bank enthusiasm for OCR, and subsequently, interest rate cuts any time soon.
The Finance and Mortgage Advisers Association of NZ opens its door to advisers and spells out its proposition.
The latest Reserve Bank figures show 59% of existing mortgages will move onto higher interest rates in the next 12 months.
As the cost of living crisis bites, disputes have risen by 36% and complaints to Financial Services Complaints Ltd (FSCL), a free financial ombudsman service, have risen by 17% .
