Activating DTIs and loosening LVRs
The New Zealand Banking Association (NZBA) wants the Reserve Bank to loosen proposed debt-to-income (DTI) restrictions because of the internal conservatism of some banks.
The New Zealand Banking Association (NZBA) wants the Reserve Bank to loosen proposed debt-to-income (DTI) restrictions because of the internal conservatism of some banks.
John Moody from non-bank lender Basecorp joins us to talk about what happened last year, the company's plans for 2024 and opportunities for advisers.
Judge convicts and hands down sentence to former mortgage adviser over fraud charges.
Banks are optimistic the new National Party-led government will be more business-friendly than the previous government but they would prefer the government to tinker with regulation rather than engage in wholesale repeal.
A gap has opened in non-bank long-term commercial funding for new products, says Andrew Stevenson, senior relationship manager at Funding Partners.
Global central banks are close to starting rate cuts and Kiwibank reckons the RBNZ won’t be far behind.
ANZ Bank NZ chief economist Sharon Zollner has some advice for people who want house prices to be more affordable: “be careful what you wish for,” she told the Financial Advice New Zealand's Thrive conference in Wellington.
Although the major banks are dropping their home loan interest rates, there are few buyers on the ground for the log jam of homes for sale in Auckland.
The number of homeowners behind in their mortgage repayments hit more than 21,800 last month, data from credit company Centrix show.
New Reserve Bank mortgage figures show $3.4 billion of mortgage lending in January.
Pepper Money says it has been able to complete the acquisition of the HSBC New Zealand mortgage portfolio and to integrate it without needing any additional full-time employees.
Westpac charged back into the mortgage market in the December quarter, lending a net $874.4 million in new housing loans after a quiet September quarter when it lent just $88.2 million in new housing loans, according to the Reserve Bank's bank financial strength dashboard.
The Reserve Bank expects that rising bank funding costs will keep putting upward pressure on mortgage rates, even as swap rates in the wholesale market start to fall.
The Reserve Bank left its official cash rate (OCR) unchanged at 5.5% but said it has a limited “ability to tolerate upside inflation surprises.”
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.
One of the biggest challenges emerging for mortgage advisers is insurance.
A consortium led by the Salter Brothers Tech Fund has launched a takeover scheme for small business lender Prospa Group backed by the latter's board that values Prospa at A$74 million.
Christchurch-based mortgage adviser Sue Clydesdale of Mortgage Express has reached the lofty heights of $1 billion in settled sales.
Economists are divided on whether the Reserve Bank will lift the OCR or leave it at 5.5% at its review on Wednesday.
Homeowners should consider their ability to service a mortgage that is two to three percentage points above existing rates before taking it on, say ANZ economists.