Prospa expands its offerings
Small business lender Prospa has expanded its offering in New Zealand.
Small business lender Prospa has expanded its offering in New Zealand.
ANZ Bank New Zealand says the government-owned Kiwibank is currently winning a quarter of new home loans and busines loans, proving the Commerce Commission was wrong in concluding Kiwibank has not been playing a maverick role in the market.
Artificial intelligence will be able to handle up to 80% of advisor loan deals within seven years according to the founder of Australasian asset loan broker LoanOptions.ai.
Basecorp Finance secures additional $50m funding for short-term mortgages, reduces rates
The Reserve Bank cut its official cash rate (OCR) by 50 basis points to 4.75%, as expected, and said it assesses that inflation is now within its 1% to 3% target range “and converging on the 2% midpoint.”
The Monetary Policy Committee today agreed to cut the Official Cash Rate (OCR) to 4.75 percent.
Interest rate relief is on its way; but how much? We check in with economists to find out.
Changes to Avanti's funding base well received by ratings house.
Mortgage advisers are largely unknown to the public according to a new piece of research.
New research from Te Ara Ahunga Retirement Commission says home equity release products provide value for money but should be taken on advice.
Economists are called for bigger OCR cuts following weak economic data last week and The Fed cutting US interest rates 50 basis points.
Squirrel moves into the South Island with the purchase of a former Loan Market business.
Prospa NZ managing director Adrienne Begbie joins the TMM Better Business podcast to discuss opportunities for mortgage advisers. Here's some of the things she covers in this podcast.
There are some differing views on the latest CCCFA changes announced this week, but one thing sector players agree on is that "the devil will be in the detail."
The government has decided to remove the due diligence duty and the associated personal liability for directors and senior managers of financial institutions,” commerce and consumer affairs minister Andrew Bayly told the Financial Services Council conference.
The Mortgage Supply Co co-director and long term adviser David Hart is retiring at the end of this month.
The Financial Markets Authority has said it plans to review the mortgage advice sector in wake of the Commerce Commission's report into banking.
The government's Kiwibank accounted for 19.2% of net new mortgage lending in the June quarter and for 18.8% of new lending in the year ended June.
Heartland Group's reverse mortgages continued to grow at 20% through its 2024 financial year, the same rate as in 2023, but its online-only home loans fell by 0.6%.
TSB has copped a $2.47 million penalty for historic breaches of the Credit Contracts and Consumer Finance Act (CCCFA).