Reverse mortgage opportunity for advisers: Heartland
New Zealand advisers have an opportunity to raise greater awareness about reverse mortgages, as the product becomes increasingly popular in Australia, according to Heartland Bank CEO Chris Flood.
Mortgage price war heats up with TSB
TSB has hit the market with an aggressive price offer, promising to match any one year home loan rate offered by an "Australian-owned" lender.
Insurance report to hurt mortgage advisers: Newpark
The Financial Markets Authority and Reserve Bank's damning review of conduct and culture in the insurance industry will a "clear impact" on mortgage advisers as regulatory scrutiny heats up for advisers, says Newpark Home Loans boss Andrew Scott.
OCR could go up or down in 2021: RBNZ Governor
Inflation concerns have prompted the Reserve Bank of New Zealand to push back its forecast for an OCR change to 2021. Governor Adrian Orr reverted to a dovish tone, suggesting "continued supportive monetary policy", and said the next move could be "up or down".
First OCR decision of the year: Unchanged
The Official Cash rate is unchanged and isn't likely to move anytime soon. When it does it could go either way. Here's what RBNZ Governor Adrian Orr said today.
Australian PM defends advisers
Australian Prime Minister Scott Morrison has defended the mortgage advice industry, calling it a "pretty important service", as the country deals with the fallout from the Royal Commission.
Record profit for banks, but mortgage rates could rise: KPMG
New Zealand’s banks made a bumper $5.77 billion profit last year, but could be forced to push up mortgage rates because of the Reserve Bank’s capital adequacy proposals, says KPMG.
More stories
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Westpac: OCR to hold until 2022
Westpac has become the latest bank to change its OCR forecast. The lender believes there will be no movement in the official cash rate until 2022, with "risks on both sides".
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OCR Preview: caution expected from the Reserve Bank
Economists do not believe the OCR will change next week, but predict the Reserve Bank will take a cautious stance on future growth, with a number of headwinds for New Zealand and the global economy.
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NZ advisers hit out at Royal Commission
New Zealand mortgage advisers have expressed their disappointment at recommendations from Australia's Royal Commission, including bans on commission and a possible move to a fee-for-service model.
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Australia to ban trail commission
The Australian Treasury has moved to implement recommendations made in yesterday's Royal Commission report, including banning trail commission and the possibility of a fee-for-service model for mortgage advisers.
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Royal Commission calls for adviser remuneration overhaul
The final report from Australia's Royal Commission has called for a sweeping overhaul of mortgage adviser pay, including banning commission from lenders and making customers pay a fee for service.
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First Mortgage Trust confirms Capital Group deal
Non-bank lender First Mortgage Trust has confirmed its management company has been taken over by the private equity firm Capital Group. The announcement comes after TMM Online revealed the deal on Friday.
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Capital Group takes control of First Mortgage Trust
New Zealand investment firm Capital Group has bought the management company behind non-bank lender First Mortgage Trust.
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Non-bank mortgage lending soars in 2018
Non-bank mortgage lending volumes jumped by more than $500 million last year, according to newly-released data, which underlines the growing prominence of alternative lenders.
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Interest-only lending contained: CoreLogic
Interest-only lending accounted for just 30% of mortgage lending in December, significantly down on historical lows, as banks keep a lid on "risky" lending.
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Investors struggle as first home buyers catch up
Investor borrowing slumped to its lowest level since January 2018 in the final month of last year, according to new figures from the Reserve Bank. First home buyers, meanwhile, continue their resurgence in the market, nearly surpassing investors.
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Kiwibank brings two year rate below 4%
Kiwibank has slashed its two year fixed rate to 3.99% as New Zealand's lenders fight for a small pool of prime mortgage borrowers.
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Reserve Bank proposals could force $2 billion mortgage hike: UBS
The Reserve Bank's new capital proposals could force Kiwis to pay $1.9 billion-$2.7 billion more for their mortgages each year, investment bank UBS has warned.
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Westpac back below 4%
Westpac has slashed its one year special rate to under 4%, prompting the possibility of another mortgage price war in 2019.
