Why did ANZ's adviser originated loans fall in the past six months?
TMM talks to ANZ chief executive Antonia Watson to find out why adviser originated loans fell in the past six months.
Interest rate low for one-year terms likely in a few months
One year mortgage interest rates could be as low as 4.5% by September or October this year if the OCR falls to 2.75% in August as predicted by Squirrel Mortgages.
New app makes loan agreements easier and cheaper
Drawing up a house deposit loan agreement from the bank of mum and dad has become easier with a New Zealand developed app launched only a few months ago.
First home buyers can now afford Auckland and Wellington
Lower home values and easing interest rates are creating a rare opportunity for first home buyers to buy in Auckland and Wellington, where they been locked out for years, Quotable Value says.
Steadying the unsteady recovery
Although about $2.2 billion will flow back into mortgage holders’ pockets over the next six to 12 months from falling interest rates a big chunk of it will go on paying bills.
New Prospa data reveals where and why Kiwi small businesses are lending
Demand for small business finance continues to grow, as Prospahighlights key industries and regions that financial advisers and brokers can target to diversify their portfolios.
ANZ lightened reliance on advisers in the March half year
ANZ Bank New Zealand’s reliance on advisers to originate mortgages fell slightly to 59% of net new lending in the six months ended March 31 compared with 61% in the previous first half.
More stories
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Longer-term mortgage rates fashionable again
Mortgage borrowers nearly 18-month love affair with floating and short-term fixed rates appears to be all but over.
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Only a fraction of OCR cuts has fed into effective mortgage rates: RBNZ
Only a small amount of the two percentage point cut in the official cash rate (OCR) since August last year has fed into weighted average mortgage rates so far, according to the Reserve Bank.
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Advisers originating fewer BNZ mortgages
Bank of New Zealand is writing a smaller percentage of mortgages through advisers although the percentage of its total mortgage book originated by advisers has continued to grow.
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House prices, rent rises to be restrained in the short term: RBNZ
House prices and rent increases are likely to be restrained in the near term because of the softness of the housing market, the Reserve Bank says in its latest financial stability report.
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Avanti Finance rebrand signals ambitious growth agenda
Avanti is dropping its non-bank label and switching to being a specialist lender and plans to double its total lending over the next couple of years.
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Mortgage advisers continue to grow share of Westpac's book
Mortgage advisers accounted for about 64% of the net new mortgages Westpac New Zealand wrote in the six months ended March.
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Hiring drive as ASB expects home loan applications surge
ASB is on a hiring drive to recruit 80 additional home ownership specialists as it prepares for a surge in home loan applications.
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Westpac sped up mortgage lending three-fold in March half year
Westpac New Zealand sped up its pace of mortgage lending in the six months ended March, adding $1.51 billion in net new mortgages after growth of only a third of that in the previous six months ended September.
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Aussie banks need prosecuting for misuse of power – lobby group
Misuse of market power is being levelled at the big four Australian-owned banks by lobby group Banking Reform Coalition. It wants the Commerce Commission to prosecute.
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Problem mortgage stockpile grows
While the country’s mortgage stock rose by $1.9 billion in March, the number of problem mortgages also rose by $61 million to $2.4 billion and withdrawals from KiwiSaver on hardship grounds reached a record monthly high.
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Further interest rate falls not on the cards
ANZ economists say the bulk of mortgage interest rates falls has likely ended, barring any major surprises.
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Mortgage borrowing hits a new high
Borrowers signed up for $8.5 billion in new mortgages last month – up 45.2% from $5.8 billion in February and up 40.7% from $6.035 billion March last year, the latest Reserve Bank data show.
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Diminishing KiwiSaver balances tip up first home buyers
Mortgage brokers say they are hearing from many first-home buyers wondering what to do about the slump in their KiwiSaver balances caused by US President Donald Trump's tariff war.
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1 Aussie banks need prosecuting for misuse of power – lobby group
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2 Westpac sped up mortgage lending three-fold in March half year
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3 Advisers originating fewer BNZ mortgages
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4 Hiring drive as ASB expects home loan applications surge
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5 New Prospa data reveals where and why Kiwi small businesses are lending
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