The OCR gravy train is slowing
Common expectations among economists is the OCR will not budge from 3.25% at next week’s RBNZ meeting.
Mortgage arrears still challenging
Data from credit bureau Centrix and the RBNZ show different pictures for mortgage arrears.
Little growth for the rest of this year expected
Advisers already under pressure over bank turnaround times and the rising number of mortgage applications can expect more of the same as house prices flatten.
Service agreements could help banks’ processing timeframes
As turnaround times at the major banks show little sign of improvement, FAMNZ wants clear service level agreements introduced.
New record for low equity loans
Mortgage lending in May was back to March levels at $8.6 billion after taking a dip in April. Two years ago, that figure was $5.8 billion.
Bottom of OCR cuts either here or not far away - ASB
ASB economists say the extent of further interest rate falls is now up in the air and the OCR could bottom out at 3%.
New unsecured loan offer as BNZ chases SME market
BNZ is offering small businesses unsecured loans of up to $50,000 on digital only applications through its new Merchant Flexi Loan.
More stories
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Business funding landscape change
Kiwibank is stepping out of its comfort zone and starting a new lending programme for start-ups.
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Advisers’ fraudulent activity to be rooted out by FMA
Advisers selling mortgages and insurance through misleading or fraudulent activities are coming under the beady eye of the Financial Markets Authority (FMA).
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Never a better time in four years for first home buyers
Falling interest rates and house prices leading to better mortgage affordability is drawing first home buyers into the market in increasing numbers.
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NZHL strengthens leadership with GM appointment
Home loan and insurance adviser network New Zealand Home Loans has appointed a new general manager, franchise and distribution.
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NZ mortgage payments to drop by $3b in the next year: Macquarie
About 70% of mortgages will reprice in the next 12 months and that is going to mean New Zealand’s collective mortgage payments will fall by about $3 billion, according to analysis by Macquarie Research.
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Advisers well positioned to fill SME lending gap left by banks
Small businesses struggling to access capital as bank lending slows.
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Calls for hold on OCR strengthen as GDP comes in higher than expected
Economists expect the OCR to be kept on hold at its meeting next month as GDP came in at 0.8% for the first quarter of the year – higher than most forecasters had predicted.
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NZFSG teams up with Cotality
NZFSG and Cotality (formerly Core Logic) partner to empower mortgage advisers with industry-leading property data and insights.
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Rising inflation adding to RBNZ’s headache
Inflation is expected to break through the RBNZ’s top line of 3% in the next quarter, intensifying its headache.
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Professional mortgage advice central as wave of fintechs expected
Fintechs offering cheap mortgages without advice to borrowers won’t make mortgage advisers redundant.
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Townhouse values hit and miss as buyers prefer stand-alone houses
Easing mortgage rates mean more affordable stand-alone houses are appealing to home buyers again.
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Growth here, there, not quite everywhere
Westpac has upgraded its GDP growth expectations from 0.4% to 0.7% meaning a strong case for the RBNZ to leave the OCR unchanged at its July review.
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‘Excessive’ security agreements by banks need investigating – lobby group
Banks’ general security agreements could come under scrutiny from the Commerce Commission.
