Pace of interest rate increases not clear cut
OCR increases are inevitable off the back of yesterday’s 4.1% inflation figure, but the pace of the hikes remains uncertain to a degree, Westpac says.
Unilaterally changing mortgage arrears payment dates leads to trouble
When repaying debt, timing can be as important as the repayment amount as one borrower found out when served with a Property Law Act (PLA) notice.
Why speed and flexibility matter more than ever for SME lending
Bizcap’s flexible product suite helps New Zealand partners solve more SME funding scenarios with speed, choice and confidence.
Expansion of North Shore mortgage business
North Shore-based adviceHQ has bought the mortgage, insurance, and KiwiSaver business of long-time investment and wealth advisory firm Money Planners.
Can the NZ economy grow while house prices stagnate?
The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.
OCR increase labelled a reduction in monetary stimulus
The Reserve Bank raised its official cash rate (OCR) to 2.5% from 2.25%, couching the move as “a reduction in monetary stimulus.”
RBNZ pulls the trigger
The Reserve Bank has increased the OCR. Here's what it said.
More stories
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Fifth drop in amount households spend on interest
The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs.
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Economists’ tune changes to keeping the OCR on hold next week
Keeping the cash rate at 2.25% will be an easy decision for the RBNZ at its OCR meeting next week, Kelly Eckhold, Westpac chief economist says.
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Single set of expectations from new CCCFA regulator
The FMA has taken over from the Commerce Commission as regulator of the Credit Contracts and Consumer Finance Act (CCCFA).
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Mortgage fraud and advisers’ commissions under the FMA microscope
The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers.
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ANZ still expects three OCR rises this year
Does the recent fall in oil prices mean that OCR hikes can now be called off?
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FMT strengthens Wellington lending team with new appointment
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KiwiSaver an option for mortgage advisers seeking ongoing income, provider says
Mortgage advisers looking for another stream of income as trail commission becomes harder to find are looking at their options in KiwiSaver, one provider says.
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Brand awareness and tech the big issues for merged banks
Technology is going to be the key for the proposed TSB Heartland Bank to become a major challenger of scale with a regional focus.
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ANZ CEO to retire
ANZ NZ CEO Antonia Watson to retire; Ben Kelleher to take over.
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Plenty of interest in development and investment finance
Despite a subdued residential housing market, Pallas Capital has lent $1.29 billion in investment and construction loans as enquiry rises.
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Link appoints a new general manager
Adviser training boss takes the helm of Link Financial Group (LFG).
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Mortgage lending dips
The latest Reserve Bank figures show new mortgage lending dropped to $8.3 billion in April from $8.7 billion in March, but up 3.5% from $8 billion in the same month last year.
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Which banks did the most lending in 1st quarter; and who slowed down
Kiwibank appeared to take its foot off the accelerator on mortgage lending in the March quarter after a string of quarters of lending above its market share which reached almost 8% at March 31.
