NZFSG has split its distribution team as Loan Market builds a dedicated support network.

It appears the housing market is already responding to falling wholesale interest rates with the dollar value of new mortgage commitments in July up 18.4% to $6.7 billion from June and up 33.1% from July 2023, according to Reserve Bank data.

NZ Financial Services Group has created a dedicated regional management team for insurance.

Consilium’s KiwiWRAP KiwiSaver Scheme has cracked a milestone and has impressive client balances.

A client who was able to continue building a new home despite being off work for 18 months is one of the recent highlights for Brave Day.

Australian non-bank lender Bluestone has for the second time pulled out of the New Zealand market.

Mortgage advisers originated 71% of Kiwibank's new mortgages in the year ended June 30 and now account for about 35% of the total mortgage book, chief executive Steve Jurkovich says.

The Reserve Bank has opened consultation on deposit taker standards and crisis management.

Kiwibank grew its mortgage book at 2.7 times the rate for banks as a whole and says that's one of the reasons it is “fulfilling our role as a disruptor.”

Mortgage advisers are rejecting the Commerce Commission's recommendations that they should place more emphasis on price and that they should be submitting applications to multiple lenders for the same home loan.

Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.