Paying the cost of bureaucratic incompetence
The Mortgage Magazine
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2d ago
In its next monetary policy statement (MPS), the RBNZ should signal that a drop in the OCR is imminent, Squirrel Mortgages chief executive David Cunningham ..read more
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Westpac says 65% of mortgage customers more than 3 months ahead of repayments
The Mortgage Magazine
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2d ago
Westpac New Zealand says about 65% of its mortgage customers were more than three months ahead on repayments at March 31, which helps to explain why fewer customers than it had expected are suffering hardship amid higher interest rates ..read more
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Westpac NZ added $1.44b of mortgages in the six months ended March
The Mortgage Magazine
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2d ago
Westpac New Zealand's mortgages surged in the latest six months by $1.44 billion to $66.96 billion compared with growth of just $333 million in the six months ended September,  the bank's latest disclosure statement shows ..read more
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Difference in scores a reflection of banking study
The Mortgage Magazine
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2d ago
The big gap in satisfaction scores between first place and the rest of the pack in Consumer NZ’s latest survey of the worst and best banks, reflects the findings of the Commerce Commission’s banking draft market study, Consumer NZ says ..read more
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CCCFA reaction: a return to common sense
The Mortgage Magazine
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1w ago
The dumping of 11 pages of overly prescriptive affordability regulations under the CCCFA are a welcome return to common sense, the Financial Services Federation (FSF) says ..read more
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Move to short term but higher rates
The Mortgage Magazine
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1w ago
Short term fixed rate loans surged in the first few months of the year ..read more
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New aggregator for Vega
The Mortgage Magazine
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1w ago
Vega Mortgages is joining forces with the nation’s newest aggregator Finsure ..read more
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CCCFA changes not a complete panacea
The Mortgage Magazine
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1w ago
Unwinding the impact of all the 2021 CCCFA changes probably won’t happen, says David Cunningham, Squirrel Mortgage chief executive ..read more
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Mortgage Lab buys new trail book
The Mortgage Magazine
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3w ago
People Group has sold its Mortgage People trail book to Mortgage Lab ..read more
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Financial complaints rise as cost-of-living pressures continue
The Mortgage Magazine
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3w ago
As the cost of living crisis bites, disputes have risen by 36% and complaints to Financial Services Complaints Ltd (FSCL), a free financial ombudsman service, have risen by 17 ..read more
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