Latest RBNZ figures reveal first time buyer boom
Last month, first time buyers took their highest share of the mortgage lending market in over a decade, according to new figures from the Reserve Bank.
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.
More stories
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General Finance founders target funding gap with EMortgage
William Cairns, the co-founder of General Finance, has outlined plans to take a bigger slice of the non-bank lending market with Emortgage, another business founded with partner James Lockie.
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RESIMAC cuts rates after 30% volume rise
Non-bank lender RESIMAC has unveiled a series of interest rate cuts on its home loan products after experiencing record growth in April.
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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.
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What Orr said in his first OCR announcement [+AUDIO]
The Official Cash Rate (OCR) will remain at 1.75% for some time to come. The direction of our next move is equally balanced, up or down. Only time and events will tell.
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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.
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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.
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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.
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BNZ grows advisers flows but keeps them low
BNZ is seeing strong flows from mortgage advisers, however it doesn’t plan to make the channel as big as some of its competitors.
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Advisers account for bigger share of ANZ's home loans
ANZ's home loan market share fell in the six months to March 31, however mortgage advisers accounted for a greater proportion of the loans written.
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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.
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Mortgage borrowing rise to be “short-lived”: Westpac
Economists at Westpac say the recent uptick in mortgage lending for owner-occupiers and property investors is likely to be “short-lived”.
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Owner-occupier and investor lending jumps in March
Mortgage lending to property investors, first-time buyers, and other owner occupiers rose in March, according to figures published today by the Reserve Bank.
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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.
