Reserve Bank governor Alan Bollard's latest monetary policy statement suggests mortgage rates aren't going up any time soon although the likelihood they might fall further remains an outside chance.

Reserve Bank governor Alan Bollard's latest monetary policy statement suggests mortgage rates aren't going up any time soon although the likelihood they might fall further remains an outside chance.

Reserve Bank governor Alan Bollard will probably keep interest rates on hold this Thursday although financial markets are still pricing in a 20% chance of a rate cut.

Westpac New Zealand attributes its growth of market share in the mortgage market over the last couple of years to putting decision making capability back to its front-line staff.

GFNZ Group, formerly Geneva Finance, should have a new prospectus in the market aimed at attracting new debenture funding within the next couple of weeks.

GFNZ Group, formerly Geneva Finance, should have a new prospectus in the market aimed at attracting new debenture funding within the next couple of weeks.

TSB Bank's mortgage book resumed its above-system growth in the March quarter with most of its growth coming from loans with loan-to-valuation ratios (LVRs) between 80% and 90%.

Westpac New Zealand's mortgage book resumed its aggressive growth in the March quarter, indicating the slowdown seen in the December quarter was a blip in a longer-term growth trend.

The latest mortgage approvals data suggest banks slashing their fixed-rate mortgage rates is stimulating housing market activity even as older data shows credit growth ticking slightly higher.

The government-owned Kiwibank's mortgage book continued to grow much faster than its market share in the March quarter but its momentum appears to be slowing.

If financial advisers don't take continuing professional development (CPD) requirements seriously they run the risk of having possibly inappropriate training courses forced upon them or being forced to belong to qualifying financial entities (QFEs).

Embattled NZF Group has posted a $16.2 million annual loss, reflecting its finance company's receivership, the sale of its home loans division to Resimac and ongoing net losses from continuing operations.

The smallest of New Zealand's home lending banks, HSBC, saw its mortgage book shrink in the March quarter for the third successive quarter while profit rose modestly.

Economists haven't changed their official forecasts of expecting a rate hike early to mid-year in 2013 but a number of them are talking about an outside chance the Reserve Bank will cut rates this side of Christmas, largely depending on how bad the European crisis becomes.

ANZ Bank's best quarter in the mortgage market since 2007 was the result of a lot of hard work going back several quarters, says retail division managing director Kerri Thompson

Blue Star Group says major sharehold CHAMP Funds has formally begun the process to convert a $10 million loan plus $2.7 million in accrued interest into equity.