New guidance for client money and property services brokers
The FMA has published guidance on how client money or property services brokers and custodians can meet their obligations under the Financial Markets Conduct Act (FMC Act).
Non-bank lender secures funding line from Westpac
Pallas Capital has secured the first structured finance facility of its kind from a main New Zealand bank.
Deloitte: shared equity schemes could arrest declining home ownership
Shared home equity schemes including leasehold and rent-to-own options, as well as third-party contributions towards a deposit, could help arrest the long-term decline in home ownership in New Zealand, according to a report by Deloitte commissioned by Westpac.
Predictions for OCR cut next month
An OCR cut could come as early as next month, the ASB says.
Financial Services Federation targets mortgage advisers as affiliate members
The Financial Services Federation, which mostly represents non-bank financiers, has started signing up mortgage advisers as affiliate members.
Understanding of financial fairness measured
What constitutes fairness in financial services is generally something people agree on.
Misconception about banks willingness to lend wrong
The impression banks are being tough on mortgage lending and have not loosened their criteria is a misconception, says mortgage adviser Kris Pedersen.
More stories
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Distance between inflation and RBNZ’s target narrows
All eyes this week will be on the Consumer Price Index data in the wake of the Reserve Bank’s slight change in mood on when interest rates will come down.
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RBNZ holds OCR but turns unexpectedly dovish
Nobody expected the Reserve Bank to do anything other than hold its official cash rate steady at 5.5%, and that's exactly what it has just done.
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BREAKING: OCR 5.50% - Inflation Approaching Target Range
The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50 percent.
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Expectation of Nov rate cuts prompts record short rate borrowing
Borrowers taking out mortgages for six months rose to a new high in May, in anticipation of interest rate cuts soon.
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Reserve Bank expected to stick to its knitting
The Reserve Bank is not expected to give a dovish tilt at its Monetary Policy Review supporting the markets recent pricing of a 60% easing of the OCR in October with about 38 basis points priced in by the end of the year.
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Banks bringing OCR cut expectations forward
ASB is joining Kiwibank in expecting OCR cuts starting from November this year.
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Massive liberalisation of planning rules to end housing woes
Housing minister Chris Bishop has revealed plans to “flood the market” with enough land to end the country’s housing crisis.
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New code brings commonsense to lending - FSF
Lenders are happy the new Responsible Lending Code has landed with no nasty surprises.
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Inflation dragon slain; RBNZ needs to start cutting
Interest rate cuts need to start soon as inflation has been beaten, BNZ economists say.
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Mortgages and cars – the two should not go together
Mortgage arrears were up slightly in May, with 22,000 home loans now past due - up 12% year-on-year and a return to 2019 pre-pandemic levels, the latest figures from credit bureau Centrix show.
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Lending stock bounds ahead
May lending on housing stock rose by the most it has in two years.
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Why Resimac closed up shop in NZ
Resimac New Zealand’s biggest writer, Jeff Royle, says the lender had great products but was trying to act like a bank.
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Bizcap cracks $1 bill mark and adds LOC product
Small business lender Bizcap has cracked the $1 billion mark and rolled out a line of credit product.
