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Mortgage News Archive 2018

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January 2018
February 2018
March 2018
April 2018
May 2018
June 2018
July 2018
August 2018
September 2018
October 2018
November 2018
December 2018
January 2018
8th - New look General Finance to take on gaps in market
15th - Non-bank lender changes hands
16th - New lending manager
17th - Giving mortgage advisers a voice
18th - Housing market picks up, but not everywhere
18th - House prices pick up, but volumes low
22nd - The first rate change for the year
23rd - What advisers want from Financial Advice NZ
23rd - Guilty plea from mortgage fraudster
25th - The Co-operative Bank trims one-year rates
25th - Auckland property gains halved in two years
26th - Ups and downs from ASB today
30th - New low for investor mortgage share
31st - Investor loans low; AI arrives for a mortgage adviser
February 2018
1st - BNZ move puts pressure on other banks
1st - BNZ changes adviser commission model
2nd - OCR holding pattern to continue
5th - Will the OCR move this week? Check out what economists think
7th - Westpac shaves one-year rate
8th - OCR unchanged: The Reserve Bank has spoken
8th - What the Reserve Bank said today
8th - Low interest rates set to continue
9th - BNZ puts out competitive one-year rate
9th - Prison sentence for mortgage fraudster
12th - Westpac follows BNZ near the top of the table
13th - ANZ gets aggressive
15th - Blackwell eyes gap in market with new funding line
16th - Strategi and IDS merge
16th - One-year term gets more interesting; Compliance firms merge
16th - Get ready for downturn - Bagrie
20th - New leading 5-year rate; Bagrie is back
21st - Ageing population behind reverse mortgage rise, says Heartland
22nd - ANZ tightens lending controls following fraud case
22nd - Lending criteria to ease, rates to rise
23rd - HSBC does it again
27th - Bluestone returns after 10 year absence
27th - Multi-million mortgage fraud trial gets underway
27th - There's more to a home loan than the rate
28th - Meet the latest non-bank lender to market; How hot is HSBC's new rate? Find out here
March 2018
1st - RESIMAC applications up 30% as Homeloans profits soar
2nd - Bluestone hails “extra firepower” after US takeover
5th - New owners for non-bank lender
6th - New Zealand economists divided over OCR
6th - BNZ cuts a rate; Economists split on next OCR move
9th - Kiwibank changes its OCR forecast
12th - Kiwibank cuts Special only
14th - Acting RBNZ Governor reignites DTI ratio debate
14th - Acting RBNZ Governor reignites DTI ratio debate
16th - OCR call takes backseat
19th - It's OCR week. What will happen?
19th - Westpac expects government policy to "cool" housing market and GDP
21st - BNZ moves; Mortgage adviser survey
21st - BNZ slashes mortgage fees
22nd - Why OCR left unchanged; BNZ slashes fees
22nd - What the RBNZ governor said today
22nd - Spirit of caution in OCR call
26th - Pluses and minuses from Kiwibank
26th - No need to fear RBNZ’s new PTA
26th - KPMG: Small banks growing loan books at quicker rate
27th - Advisers face interest-only lending restrictions
27th - LVR changes impact on lending
28th - The problem with interest-only; CWG feedback wanted
29th - Online solutions aid compliance
29th - Brightline test extended; Property investors a little more active
April 2018
3rd - More property tax changes coming
3rd - Wide variation in stress testing thresholds
4th - Latest house prices; TSB gets sharp; Last call
6th - ANZ: first time buyers are back
6th - NZ customers more "satisfied" with local banks
9th - Tech firm to visit NZ ahead of electronic lodgement launch
10th - Electronic loan lodgement inches close
10th - Make commission details publicly available: MBIE
11th - ANZ increases servicing rate for loans
12th - RBNZ: new PTA an “evolution”
13th - Two week lull ends
13th - Millennials turn to Kiwisaver for home deposits
13th - Goppy returns
16th - Core Finance relaxes lending criteria
16th - What's a Comm Games gold medal (or two) worth?
18th - Mortgage People founders launch online brokerage
19th - Rate cuts; Old, new face returns to the industry
19th - Property investors “bounce back” in February: ANZ
20th - Property investors returning; Degrees for mortgage brokers
20th - LVR a “permanent tool”: RBNZ Governor
23rd - Kiwibank slashes rates
26th - New CEO for Kiwibank
27th - Owner-occupier and investor lending jumps in March
30th - A floating rate rises; New mortgage cover
30th - Mortgage borrowing rise to be “short-lived”: Westpac
May 2018
1st - One up, one down at ANZ; Plus big profit jump
1st - ANZ posts half year cash profit of $941 mill
2nd - ANZ's Hisco says no problems in NZ; FMA says prove it
3rd - Advisers account for bigger share of ANZ's home loans
3rd - The importance of advisers to ANZ
4th - BNZ grows advisers flows but keeps them low
4th - BNZ on mortgage advisers; Westpac cuts
4th - All eyes on Orr in lead-up to OCR call
7th - What's likely to be in this week's OCR announcement
7th - Open banking opportunity for mortgage advisers
9th - The Co-Op bank makes further cuts; Westpac update
9th - 100,000 ANZ customers under-charged interest
10th - What Orr said in his first OCR announcement [+AUDIO]
10th - OCR Unchanged; What Orr said
10th - Applause for OCR call
11th - RESIMAC cuts rates after 30% volume rise
11th - RESIMAC makes cuts on big growth; Reviewing the new-look RBNZ
14th - General Finance founders target funding gap with EMortgage
14th - SBS cuts; Cairns and Lockie back in the market
14th - Kepa ready for regulatory changes
15th - Kepa appoints new home loans boss
17th - Budgeting to build
18th - ANZ talks Home Loan Coaches
18th - Brokers' Budget Guide; Is ANZ trying to replace brokers with coaches?
21st - Regional rents soar
22nd - Northland adviser launches next-gen chatbot
24th - Latest RBNZ figures reveal first time buyer boom
28th - Property Institute questions government housing policy
29th - General Finance to join stock market
29th - SBS grows lending book, but with less aggression
30th - LVR easing not on cards
30th - Regulators: no "evidence" to warrant NZ banking commission
31st - Update on LVR restrictions; Commission not needed
June 2018
1st - Spotlight on non-bank fees
6th - HSBC does it again
6th - HSBC launches 5th sub 4% home loan offer
6th - New build financing gap boosts Southern Cross
7th - NZCU Baywide to offer 95% mortgages
7th - NZCU Baywide widens lending criteria
7th - Next phase of RBNZ review likely to assess DTIs
8th - DTIs will be looked at again
8th - ASB, Westpac tweak servicing tests
11th - Kiwibank moves rates; Others adjust servicing levels
11th - KiwiSaver boosts first home market: ANZ
12th - Advisers inundate CWG with submissions
13th - Housing affordability down in major cities
14th - ASB cuts and moves up the table; Kepa has new CEO
15th - Adviser hits out at commission disclosure proposals
15th - Adviser hits out at commission disclosure proposals
15th - Guilty verdict for mortgage fraud trio
18th - P2P lender cuts rates
18th - Lender cuts rates; Guilty verdict over $54mill mortgage fraud
19th - Tax changes would slash house prices
20th - The correct facts about tax and rental properties
20th - The correct facts about tax and rental properties
21st - ANZ matches leader
21st - Kiwis back shared equity schemes
22nd - Construction slump slows GDP
22nd - Westpac does some matching cuts
25th - OCR to stay on hold
25th - OCR Preview: The latest outlook for interest rates
26th - BNZ cuts; Bank staff still pressured to sell products
27th - Co-Op Bank moves
28th - Mortgage lending hits two year high
28th - RBNZ leaves OCR alone; Here's why
28th - Today's OCR statement
28th - OCR words open door for cut
29th - Westpac makes major commission changes
29th - Interest rates not likely to move for a long time
July 2018
2nd - More rate cuts; Are Special rates misleading?
2nd - Disclose “incentives” and “perks”: Southern Cross CEO
3rd - Call for even greater commission disclosure; New role for Bailey
4th - Winter chill settles on market
4th - TSB appoints new chief executive
4th - Kiwibuild eligibility criteria revealed
5th - The latest on Kiwibuild
5th - ASB predicts “mild” OCR increase
6th - Loan Market settles record amount
9th - Loan Market reveals settlement numbers
10th - TSB heroes 18-month rate
11th - The one-bank trap for investors
12th - An update on meth standards
13th - Crazy rental plans proposed
17th - Owner occupiers better protected now: RBNZ (+ Report)
17th - Owner-occupiers better protected; Latest house price stats
18th - Bank profits under pressure - KPMG
18th - Patten takes down broking shingle after 16 years
18th - Patten on his new role with NZFSG; Co-op rate change
18th - Small banks growth outpace big banks
19th - High-charging non-bank lenders revealed
20th - Advisers want changes to Code Working Group proposals
23rd - Dealer groups divided on Code
24th - Mortgage groups divided on Code proposals
25th - Mortgage lending falls in June
26th - National signals opposition to monetary policy changes
26th - Ombudsman sees drop in mortgage cases
27th - Lending and changes quieter; New appointments
27th - Squirrel launches no-fee personal loans
30th - First no-fee home-owner's loan
31st - Committee proposes FSLAB changes
August 2018
1st - Select Committee told: Could do better
1st - General Finance stock market listing moves closer
1st - Mike Pero Mortgages boss warns of “forensic underwriting”
2nd - Banks being more fussy; FSLAB outcome slammed
3rd - OCR preview: Reserve Bank tipped to remain cautious
3rd - OCR Preview; What's likely to happen next week
3rd - Mortgage fraudsters jailed
6th - Revealed: What MBIE told MPs about financial advice
7th - Avanti makes major home loan changes
7th - Aussie report calls for end of trail commission
7th - Avanti product changes; Officials respond
8th - HSBC does it again with significant rate cuts
8th - ANZ scraps staff sales incentives
9th - What the bank said: OCR unchanged and to stay low for longer
9th - Here's what RB governor Orr said today
9th - Reserve Bank springs surprise with dovish OCR forecast
10th - One curious change
13th - “Real” risk of OCR cut: Westpac
13th - Kiwibank offers 90% KiwiBuild mortgages
14th - New Kiwibuild lending package; OCR could actually be cut
14th - Mike Pero v MPM $2.5 mill debt fight back in court
15th - Mike Pero and MPM back in court
15th - REINZ data suggests
16th - Auckland a buyer's market; Financial Advice NZ puts case to minister
16th - Consumers expect rate rise: ASB
16th - Mike Pero v Mike Pero companies – the battle continues
17th - 60 basis point rate cut; Judge calls Pero relationship dysfunctional
17th - Lower long-term rates predicted
20th - Rates keep falling
21st - ANZ predicts OCR cut
21st - Mortgage broker sent to prison
21st - More rate cuts; Mortgage broker sent to jail
22nd - Non-bank lenders go dating advisers
22nd - Non-bank lenders go dating
23rd - Judge discharges order against Mike Pero
23rd - Victory for Mike Pero; Calling all Young Advisers
24th - FMA referred fraudster “broker” to IRD
24th - FMA referred fraudster “broker” to IRD
24th - We're not average: Kiwibank's new boss
24th - RESIMAC builds non-bank market share
27th - OCR to peak at 2.75 percent: ASB
27th - RESIMAC builds market share; Bank says; We're not average
28th - No adjournment for Mike Pero case
28th - Next round in Mike Pero duel; Right peak will be lower than before
29th - First home buyers strong, investors return in July
30th - Cressida deploys $50 million capacity for premium product
30th - Cressida deploys $50 million
31st - Property news for brokers
31st - Kiwibank one-year special to rise
September 2018
3rd - Kiwibank ends one-year special
3rd - Market pricing 50% chance of OCR cut: ANZ
4th - Mortgage People looks to grow post deal
4th - 50% chance of OCR cut; Mortgage People looks to grow
5th - Mike Pero case judge wonders what the argument is
5th - New venture to drive down construction costs
5th - MPM Judge asks: What's the argument?
6th - Failed MPM relationship doesn’t mean deadlock
6th - Latest QV house price stats
7th - ASB cuts long-term rates
7th - ASB offers Kiwibuild sweeteners
10th - Frank thoughts from FMA; PAA tries to disappear
11th - Southern Cross enjoys strong year
11th - Southern Cross sparkles; Got your ticket yet?
12th - Two banks rate cuts + People News
12th - Asset Finance agrees takeover
13th - More support for non-banks; FSLAB gets unanimous support
13th - First Auckland price increase in six months
14th - BNZ makes some competitive and no so-competitive cuts
17th - New adviser laws closer to reality; GM appointed to group
17th - AI: Advice's next big disruption
18th - How low could the OCR go?
18th - Bold OCR prediction; Another dealer group
19th - Mortgage brokers key channel for profit-surging banks: KPMG
19th - Upbeat report on brokers
20th - Reverse mortgages, motor, drive Heartland growth
20th - What the tax group wants; Reverse mortgages drive Heartland forward
20th - No firm call on CGT
21st - OCR to stay at record low: Preview Survey
21st - OCR predictions revealed
24th - Aussie group buys into Mortgage Express
24th - Big start to the week; New owners at MX
26th - Rents hitting record highs; Got your seat yet?
26th - BNZ joins Kiwibuild buyer battle
26th - Investor activity subdued in August
27th - Today’s OCR statement
27th - OCR remains the same
28th - Young adviser takes top award; TSB cuts rates
28th - Litigation heals Mike Pero wounds
October 2018
1st - Rates continue to tumble; Mike Pero and co swap war for love
2nd - Beyond The Banks – Alternative lending options in a restricted market
2nd - Alternative lending options
3rd - More cuts; Listings jump
4th - KiwiBuild discount favours Auckland, Queenstown: CoreLogic
5th - New FSLAB timelines; Are KiwiBuild houses good value?
8th - HSBC does the limbo again
9th - NZFSG targets car finance growth
9th - What's happening in vehicle finance?
10th - Basecorp latest non-bank to target prime customers
10th - Another non-bank targets prime loans; BNZ makes some moves
11th - Sept sales plummet; Finance Minister talks tax changes
11th - LVR restrictions could be cut by 5%: Kiwibank
12th - Level 5 will be minimum for advisers; KiwiBank talks LVR loosening
15th - Draft code “exciting” for mortgage advisers: Shanks
15th - New Code good for mortgage advisers; What do you think?
16th - ANZ CEO defends adviser remuneration
16th - Inflation to "force" OCR hike
17th - Coop Bank makes cuts; Minister talks Tax Working Group: Wellington's the place
18th - Payday lender moves into car finance
18th - FHBs rival investors; Car finance option for advisers
18th - NZCU Baywide aims for first home buyers
19th - NZCU Baywide makes policy changes; FMA review of banks coming soon
23rd - Draft code “fair” for industry: Mortgage Room’s Fuller
23rd - Reserve Bank plans new rules on bank breaches
24th - Time to ease LVR restrictions: ANZ
24th - Homeloans to rebrand as RESIMAC
25th - The worst is over for the housing market; How many CPD points will you need?
25th - Investor lending falls in September
26th - Newpark promises mortgage advisers something new
26th - SBS changes commission structure
26th - New mortgage group arrives
29th - SBS changes commission structure: TMM mortgage adviser conference
29th - Mortgage Express confirms Aussie joint venture
30th - MX finally confirms deal with Aust firm
31st - Non-banks plan second “speed dating” event
November 2018
1st - Advisers account for increasing amount of ANZ loans
1st - BNZ profits soar as home loans increase
2nd - OCR preview survey: Economists divided on tone
2nd - Why ANZ needs brokers; OCR preview out now
5th - Another billion dollar baby; Kiwibank cuts
5th - Westpac a $1 billion baby
5th - Banking review finds weaknesses on conduct
6th - Regulators’ report puts spotlight on intermediaries
6th - Mortgage advisers flagged in bank conduct review
7th - Job numbers 'cast doubt' on future OCR cut
8th - What the RBNZ said today
8th - What Adrian Orr said today about interest rates
8th - OCR reaction: cut less likely and rates to stay low
9th - Global recognition for Kiwi mortgage fintech firm
10th - ANZ takes rates below 4%
12th - C'Mon minister pass the Bill; Views on Code revealed
12th - BNZ joins the under-4s
13th - Sub 4 rates becoming the norm; Another lender hits the $1 bill mark
13th - Harmoney reaches $1 billion in lending
14th - Cut and thrust for ASB
14th - LVR loosening under review: Bascand
15th - Long term house price outlook negative: Westpac
16th - Banks do the limbo
19th - ASB predicts mild OCR cycle
20th - ASB plays down fee-for-service talk
21st - Speed-dating to become regular non-bank event
22nd - Fee for service idea for mortgages played down
22nd - Kiwis paying off loans at faster rate: Westpac
23rd - Peer-to-peer lending on the rise
27th - FSR Preview: Will the Reserve Bank loosen LVR restrictions?
27th - First home buyers outshine investors
28th - Reserve Bank to ease loan-to-value ratio restrictions
28th - Reserve Bank to ease LVR restrictions
28th - LVR restrictions eased for investors and owner-occupiers
28th - LVR loosening: advisers react
29th - What advisers think of LVR loosening
29th - Branches not efficient for mortgage origination: Elliott
30th - Surprising admission from ANZ
December 2018
3rd - Newpark aims to double membership
4th - More details of Newpark's new group; Take part in our survey
4th - LVR has worked but Auckland risks remain: ANZ
4th - Focus on customers, not fees: Shanks
5th - Another Auckland house price surge possible: Property Investment survey open
6th - Sub 4% rates unlikely to return
10th - BNZ starts shared ownership scheme
11th - Aussie advisers fight back against reform
12th - Squirrel innovates with construction loans
12th - Fight back on commissions; New construction lending option
13th - Treasury predicts OCR hike in 2020
14th - Want to know what it will cost to be licensed? Here's the answer
14th - Resimac tweaks credit assessments
14th - Reserve Bank proposes new capital rules
17th - Rates up, BDM off, credit rules tweaked and more
17th - RBNZ proposals will slow credit growth: Kiwibank
17th - Non-bank surge to continue: KPMG
18th - Non-banks grow market share; RBNZ about to apply brakes to bank lending
18th - NZ credit unions to merge
20th - Heartland outlines cost of RBNZ rules
20th - Credit unions to merge to compete; Heartland responds to RBNZ
20th - ANZ predicts 1% OCR in 2020
20th - Mortgage lending to investors plummets
21st - 1% OCR predicted; Investor lending plummets
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