The Reserve Bank has had 13 banks design “severe but plausible” stress tests that would cause their capital to drop below regulatory minimums and the results show that it would take a set of more severe stresses than RBNZ's own stress scenarios.

Mortgage advisers accounted for 63% of Westpac's new mortgage lending in the year ended September, the bank's chief executive Catherine McGrath told TMMO.

Mortgage advisers now account for 53.8% of Westpac New Zealand's mortgage book, up from 53% in March and from 51.9% in September last year.

Loan Market Capital & Coast and Insurance Market have been merged into LifeDirect to offer a nationwide mortgage service.

Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.

Pie Funds is the latest KiwiSaver provider to add private equity to its funds.

Luke Longdill joins Makao Investments

Mortgage arrears continue to rise but are still low by historical levels.

The former chairman of the Member Advisory Committee (MAC) – mortgage and lending at Financial Advice NZ is now a board member.

The Reserve Bank says house prices remain near the top of its estimate of sustainable levels and remain “a stretch” for many would-be buyers.

The former chairman of the Member Advisory Committee (MAC) – mortgage and lending at Financial Advice NZ is now a board member.

FMT adds a new business development manager and a head of lending.

AIA NZ appoints new regional sales manager – Northern.