Teething problems for NZFSG
NZFSG has drawn criticism from members for its transition to the new regime, with concerns over commission disclosure, fees and non-panel lending.
Squirrel launches 95% mortgage
Squirrel Mortgages has launched a 95% mortgage for first home buyers, offering rates as low as 4.09%.
Heartland launches cut-price revolving credit product
Heartland Bank has launched a market-leading revolving credit facility at 2.75%, as the lender continues to offer low rate loans through the digital channel.
Housing market's unlikely Covid boost
Low net migration to New Zealand during the pandemic has given the nation a chance to "dent" its chronic housing shortage, according to Kiwibank economists.
Private fund activity grows
Small private lenders are becoming a bigger fixture in the mortgage market as investors seek new sources of financing for development projects.
Banks and non-banks given clean bill of health
New Zealand's biggest banks and non-bank lenders remain in a robust position despite the pandemic, according to rating agency Standard & Poor's.
Economists react as OCR kept on hold
The Reserve Bank has kept the official cash rate on hold, but said it is prepared to push rates lower if required. Economists predict a stable period of low rates ahead.
More stories
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OCR decision revealed
The Reserve Bank has kept the official cash rate on hold at 0.25%. Here's what the central bank said:
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Rates could be on hold for four years
The Government's housing reforms will cause a fall in the housing market that could delay official cash rate hikes until 2025, according to Westpac economists.
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OCR Preview Survey: Rate to hold
Economists predict the official cash rate will remain on hold this week, with all eyes on the housing market as the Reserve Bank makes its latest statement.
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Valocity aims to cut valuation turnaround times
Property technology and data firm Valocity is working on new products to speed up valuation turnarounds, as processing times are hit by record housing demand.
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Reverse mortgage enquiries soar
Heartland Bank has seen a 39% increase in reverse mortgage enquiries in the first quarter, as homeowners seek to release equity in a frothy housing market.
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Are interest-only lending limits now less likely?
Reinstated loan-to-value ratio restrictions and the Government's housing reforms could make interest-only lending curbs less likely, according to a new report.
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Registered valuation chaos
Unprecedented demand in the housing market is causing a backlog for registered valuations as valuers struggle to cope, according to real estate specialist CoreLogic.
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Prospa included in Business Finance Guarantee scheme
Non-bank lender Prospa has been added as an approved lender to the Government's Business Finance Guarantee scheme, as ministers open up the initiative to alternative lenders for the first time.
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Concern over valuation turnarounds
Advisers say their clients are experiencing severe delays with turnaround times for registered valuations, putting first home buyers in a race against time on auctions.
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BNZ keeps lending tight amid turnaround struggle
BNZ has maintained tight lending criteria on new-to-bank deals as it struggles with turnaround times and the volume of loan applications.
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How housing reforms could impact interest rates
The Government's radical housing market reforms could mean lower interest rates for longer, according to Westpac economists.
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Big banks weigh affordability changes
ANZ has confirmed it will review its affordability criteria for investor loans in the wake of the Government's housing reforms. TMM Online asked the rest of NZ's major lenders if they plan to follow suit.
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ANZ reviews investor lending amid reforms
ANZ is the first big four lender to confirm that it will review investor lending assessments following the Government's housing reforms.
