Be clear on clawbacks
Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge.
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Lending predictions for 2021
Interest rates will remain at historic lows for the next two years and banks will become more receptive to new customers this year, predicts economist Tony Alexander.
ANZ predicts fewer OCR cuts
ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.
Little hope on turnaround times
Mortgage advisers predict there will be little progress made on turnaround times this year, as processing times continue to deteriorate across the industry.
Record mortgage lending in November
Mortgage lending jumped to $9.2 billion in November – $1.5 billion more than the previous record monthly total – according to new Reserve Bank data.
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ANZ predicts fewer OCR cuts
ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.
Mortgage advisers against bright-line test extension
Mortgage advisers are strongly opposed to any extension of the bright-line test, as speculation mounts that the government will change the law.
Housing market to cool? Yeah Right
While MPs, bureaucrats, and others are calling for the housing market to be cooled, Kiwis don't think anything will happen.
Be clear on clawbacks
Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge: [READ ON]