Squirrel Mortgages chief executive David Cunningham wonders whether the Commerce Commission should have made bank resourcing one of its recommendations in the bank competition study completed last year to ensure a level playing field.
Reserve Bank licensed deposit taker Xceda is starting to broaden out its loan products offering. MORE »
Start of rate-cutting cycle provides promising signs for New Zealand equities MORE »
Passive investing revolutionised the investment management industry, which up until its advent, had been dominated by active fund managers who would generally employ market timing or security selection strategies aimed at outperforming the ‘market’. MORE »
Australian listed Challenger has bought non-bank lender Bluestone Home Loans New Zealand mortgage book for $597 million.
With a $500 million capital injection, Kiwibank says it can save New Zealanders $1.5 billion by having more aggressive pricing, better terms and better turnaround.
Mortgage interest rates should fall back and settle somewhere between 4.5% and 5% next year.
Debt-to-income (DTI) rules are not far off playing a bigger part in the mortgage market.
The newly enacted Residential Tenancies Amendment Bill will encourage more rental homes, provide greater clarity for landlords, and improve tenant accessibility, REINZ says.
The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.
Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.
| SBS FirstHome Combo | 4.89 |
| Heartland Bank - Online | 5.49 |
| Unity First Home Buyer special | 5.49 |
| Co-operative Bank - First Home Special | 5.69 |
| TSB Special | 5.69 |
| Nelson Building Society | 5.75 |
| Kiwibank Special | 5.79 |
| Unity | 5.79 |
| Kainga Ora | 5.79 |
| ICBC | 5.79 |
| AIA - Go Home Loans | 5.79 |
| Heartland Bank - Online | 5.39 |
| AIA - Go Home Loans | 5.49 |
| SBS Bank Special | 5.49 |
| Westpac Special | 5.49 |
| ASB Bank | 5.49 |
| Unity | 5.55 |
| ICBC | 5.59 |
| Kainga Ora | 5.59 |
| Kiwibank Special | 5.59 |
| TSB Special | 5.59 |
| Co-operative Bank - Owner Occ | 5.59 |
| Westpac Special | 5.59 |
| BNZ - Classic | 5.59 |
| ICBC | 5.59 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| AIA - Go Home Loans | 5.79 |
| ASB Bank | 5.79 |
| Kainga Ora | 5.89 |
| BNZ - Std | 5.89 |
| Kiwibank Special | 5.89 |
| AIA - Back My Build | 4.94 |
| SBS FirstHome Combo | 4.94 |
| CFML 321 Loans | 5.80 |
| CFML Home Loans | 6.25 |
| Co-operative Bank - Standard | 6.95 |
| ICBC | 6.95 |
| Co-operative Bank - Owner Occ | 6.95 |
| Heartland Bank - Online | 6.99 |
| Kiwibank | 7.25 |
| Kiwibank Special | 7.25 |
| Kiwibank - Offset | 7.25 |
Former head of Vega mortgages moves to adviser group.
Loan Market makes fifth new appointment in six months.
The former chairman of the Member Advisory Committee (MAC) – mortgage and lending at Financial Advice NZ is now a board member.
KiwiSaver providers are questioning whether they are adequately equipped to deal with hardship applications, with some wanting to see a centralised service established for savers who need to access their funds.
The KiwiSaver pot grew by $7 billion to $117.6 billion in the third quarter of this year with QuayStreet, Milford and Generate highlighted as some of the strong performers over the long term.
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems.
HNY. Bluestone's book sold
Welcome back! We hope you have had a good break. Here at TMM we are back to business with the first newsletter of the year.
Our first story is about the sale of Bluestone's mortgage book. [READ MORE HERE]