Blackwell eyes gap in market with new funding line

A NZX-listed trading house with links to the old NZ Finance begins lending in New Zealand, particularly on Auckland residential properties.

Prison sentence for mortgage fraudster

Involvement in a $50 million mortgage fraud scheme has earned an Auckland property developer nearly five years in prison.

Low interest rates set to continue

Interest rates look set to remain low for a considerable amount of time following the Reserve Bank’s Monetary Policy Statement (MPS) and OCR call this morning.

What the Reserve Bank said today

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75%.

OCR holding pattern to continue

Measured restraint will be the tone of the Reserve Bank’s Monetary Policy Statement next week, with economists unanimously expecting the OCR to stay on hold.

BNZ move puts pressure on other banks

Changes to BNZ’s mortgage adviser commission structure are acknowledgement of the ongoing client management work they do, industry veterans say.

More stories
  • New low for investor mortgage share

    Investors are continuing to feel the pinch of policy restraints with new data showing another drop in their take up of new mortgage lending.

  • Guilty plea from mortgage fraudster

    One of the accused in a $50 million mortgage fraud case has admitted to multiple charges under the Crimes Act, it has been revealed.

  • House prices pick up, but volumes low

    The latest REINZ numbers show that the housing market has turned the corner, but there is a lot of variation around the regions.

  • Giving mortgage advisers a voice

    Professionalising the financial advice industry will change public perceptions of mortgage advisers and help them survive the disruptive technology challenges they face.

  • Mortgage lending bounces back up

    There’s evidence of the housing market’s Spring rebound in the Reserve Bank’s latest mortgage lending data – but it’s not property investors who have significantly upped their borrowing.

  • ANZ adjusts deposit requirements

    The Reserve Bank’s easing of the LVRs has prompted New Zealand’s biggest bank to follow suit and loosen up its lending requirements.

  • Future of financial services

    Artificial intelligence (AI) has hit New Zealand’s mortgage sector with the launch this week of a chat bot aimed at first home buyers.

  • Inescapable impact of credit cards

    The impact of having a credit card on mortgage borrowing ability should be well-known – but it’s not, one prominent adviser says.

  • Non-bank sector booming

    Advisers are increasingly beating a track to the doors of non-bank lenders who are benefitting from the tightening up of bank lending.

  • New RBNZ Governor announced

    NZ Super Fund CEO Adrian Orr will be the new Reserve Bank Governor from 27 March 2018, Finance Minister Grant Robertson announced today.