The head of the Mortgage Supply Group, Jenny Campbell, has written to Finance Minister Bill English arguing that debt to income ratios are unnecessary.
SBS Bank has reported a 49% increase in its net profit, for the first six months of the year and that has been helped by its move in the mortgage broker market.
Avanti Finance’s move towards residential loans and its strong broker support augur well for the company, a recent report says.
Heartland Bank is due to re-enter the residential home loan market next year - and its strategy is a bit different to other banks.
There is now little doubt that the new LVR restrictions are having a significant impact on property investor activity, with lending in this area slumping to new lows.
Kiwibank has raised some of its longer term fixed home loan rates today. Of interest it's three-year carded rate is the same as its three-year special.
Also the head of The Mortgage Supply group, Jenny Campbell, has written to Finance Minister Bill English outlining why debt-to-income ratios are not required. [READ ON]
I was going to write about debt to income ratios, following the Reserve Bank's Financial Stability Report today. I'll leave that alone for another day, except to say holding off on introducing them is good news.