Australian non-bank lender Bluestone has radically restructured its New Zealand business and now has just two business development managers based in this country.

The Adviser Platform (TAP) says it has launched a “revolutionary” new mortgage aggregation platform specifically designed to meed the needs of New Zealand's mortgage advisers.

Non-performing housing loans have risen to nearly 12% – their  highest level in nearly eight years, the latest Reserve Bank figures show.

Mortgage delinquencies rose to 1.32% of home loans in May, the highest level since March 2020, with 19,500 mortgage accounts reported past due, according to credit monitoring company Centrix.

Parliament’s Environment Committee released its reports on the Natural and Built Environment (NBE) and Spatial Planning Bills last week.

ASB has just hiked its one year mortgage fixed rate to 7.25%.

Pathfinder takes out top ethical investing awards and two advisers share top adviser award.

Two local start-up companies are already positioned to take advantage of open banking, even though the deadline for the four major banks to implement it isn't until May next year.

The major banks are clearly preparing for a rise in bad debts, even as their actual losses to date remain exceptionally low.

Despite fund managers touting ESG (environmental, social and governance) investment principles, a bumper year for fossil fuels saw Kiwi dollars surge into oil and gas stocks.