Bank resourcing should have been a ComCom recommendation
Squirrel Mortgages chief executive David Cunningham wonders whether the Commerce Commission should have made bank resourcing one of its recommendations in the bank competition study completed last year to ensure a level playing field.
Squirrel Mortgages chief executive David Cunningham wonders whether the Commerce Commission should have made bank resourcing one of its recommendations in the bank competition study completed last year to ensure a level playing field.
He says it can be argued the recent longer turnaround mortgage application processing times are an unintended and extremely anti-competitive outcome.
“I...MORE»
Bluestone’s mortgage book soldTuesday, January 7th, 10:27AM
Australian listed Challenger has bought non-bank lender Bluestone Home Loans New Zealand mortgage book for $597 million. MORE» |
Saving borrowers moneyFriday, December 20th, 7:22AM 1 comment
With a $500 million capital injection, Kiwibank says it can save New Zealanders $1.5 billion by having more aggressive pricing, better terms and better turnaround. MORE» |
Interest rates with a four in front not far away – Squirrel
Mortgage interest rates should fall back and settle somewhere between 4.5% and 5% next year.
MORE»DTIs will start affecting borrowers by the middle of next year
Debt-to-income (DTI) rules are not far off playing a bigger part in the mortgage market.
MORE»Lower mortgage rates not a one way street
ASB has warned mortgage borrowers, interest rate markets are volatile and can change quickly and being aware of the risks is an important part of choosing a mortgage strategy.
MORE»Advice Link gears up for growth
Advice Link has appointed an experienced general manager to spearhead growth in the adviser sector.
MORE»Mortgage borrowers better off by $9,000 on average
OCR cuts have had a big effect for new mortgage borrowers.
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