Senior changes at New Zealand Home Loans

Aaron Skilton, chief distribution officer at New Zealand Home Loans, has taken leadership of the advisory group following the departure of former boss Julian Travaglia.

Northland adviser launches next-gen chatbot

Northland mortgage adviser Quantum Financial has launched an artificial intelligence “chatbot” to handle customer enquiries, becoming one of the first Kiwi advisers to use AI.

Regional rents soar

Strong demand for rental properties in the regions means rents broke the seasonal trend and went up in April, new rental price data reveals.

ANZ talks Home Loan Coaches

Glenn Stevenson, Head of Mortgages at ANZ, tells TMM about plans to broaden the scope of the bank’s lending advice through its new ‘Home Loan Coaches’ initiative, and what the move means for mortgage advisers.

Budgeting to build

Ambitious Government state house building plans were a big feature of the housing announcements in today’s Budget but there were no new announcements aimed at property investors.

Kepa ready for regulatory changes

The newly-appointed head of Kepa Home Loans says the group is ready for the incoming wave of industry regulation facing mortgage advisers.

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    Non-bank lender RESIMAC has unveiled a series of interest rate cuts on its home loan products after experiencing record growth in April. 

  • Applause for OCR call

    New Reserve Bank Governor Adrian Orr has earned plaudits from economists for his first OCR announcement this morning – even though the decision itself was not a surprise.

  • 100,000 ANZ customers under-charged interest

    A faulty loan calculator used by ANZ three years ago caused 100,000 customers to be under-charged interest on home, personal, and commercial loans, it has emerged.

  • Open banking opportunity for mortgage advisers

    TMM speaks to Westpac NZ chief executive David McLean about the bank's latest results, the lending areas it's not interested in and how technology can help mortgage advisers.

  • All eyes on Orr in lead-up to OCR call

    Thursday’s monetary policy statement (MPS) is the most keenly anticipated Reserve Bank outing in many months – but it’s due to the new Governor, not the OCR outlook.

  • ANZ posts half year cash profit of $941 mill

    ANZ today announced its 2018 half year results, with ANZ New Zealand delivering a statutory profit of $964 million, up 11% on the corresponding half in the 2017 financial year, and a cash profit of $941 million, up 1% from the prior comparable period.

  • New CEO for Kiwibank

    Kiwibank announced today that former ASB executive Steve Jurkovich will be taking the helm as the bank’s fourth chief executive.