Lending expansion and new product to bolster Finbase
Finbase has launched a new 30-year mortgage product after a $150 million capital partnership deal with ASX-listed Challenger.
Aussie private credit deal for Finbase
Australia listed Challenger has finalised a $150 million capital partnership with Auckland-based mortgage lender Finbase
Meet Helen Zheng, Business Development Manager at Xceda
Xceda is pleased to introduce Helen Zheng, Business Development Manager, supporting advisers with lending submissions, credit guidance, adviser education, and early stage deal structuring.
RBNZ predicts rising mortgage rates
The Reserve Bank says it expects average mortgage rates to increase from about 4.9% in March this year to about 5.4% by March 2027.
Divided RBNZ keeps the OCR on hold
The Reserve Bank is projecting its official cash rate (OCR) will probably rise to 2.5% in the September quarter, although there's still a chance of an earlier hike.
OCR announcement: What the RBNZ said
The Monetary Policy Committee today voted to hold the OCR at 2.25%.
Prediction for weighty rate rises on the horizon
There are fears some hefty mortgage interest rate rises coming based on recent movements in wholesale rates.
More stories
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What will the RBNZ do to the OCR next week? Economists give their guesses
Economists expect the OCR to be held at 2.25% at Wednesday’s RBNZ meeting.
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Banks given the thumbs down by their customers
For the first time in a decade no bank has reached Consumer NZ’s customer satisfaction threshold for its Consumer Choice award.
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Xceda adds an experienced business manager
Xceda is pleased to introduce Bruce Smith as Strategic Partnership Manager, supporting advisers with specialist lending scenarios and strengthening relationships across the adviser market.
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OCR increases should start sooner rather than later
ASB’s economists are favouring OCR hikes to start in July while Westpac thinks September is the right time.
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Basecorp secures more funding
Basecorp has closed out another securitisation programme raising funds for future lending.
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First home buyers continue leaping into the housing and mortgage markets
While house prices move up at a glacial pace first home buyers are taking advantage of the hollowed-out market to buy and get what they want.
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Banks spend big for little gain
Cashback campaign cost banks millions for little change in mortgage customer share
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Non-bank lending balloons
The Reserve Bank says residential mortgage lending by non-banks has risen about 30% since the deposit insurance scheme came into force from July 1 last year.
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Westpac accelerates home lending and adviser-originated loans
Westpac New Zealand accelerated its home loan lending in the six months ended March, adding $2.1 billion in new lending.
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Advisers increased origination of BNZ home loans
Is BNZ rediscovering that ditching mortgage advisers comes at a cost?
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Mortgage borrowers catch up on arrears
As economic struggles push the country towards stagflation, borrowers with mortgage arrears continue to decline.
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ANZ's reliance on mortgage advisers eases a little
Mortgage advisers originated 58% of ANZ Bank New Zealand’s home loans in the six months ended March, down from 59% in the same six months a year earlier.
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One-year fixed spot on for borrowers - ANZ
ANZ economists see little value in fixing mortgages for more than one year from a pure cost perspective.
