Equitable Mortgages' receivers say they expect loan recoveries may ultimately enable them to repay between 65% and 70% of the principal owed about 6,000 investors, or between $124.9 million and $134.6 million.

One mortgage broker found recently that the controversial fees banks charged when a client breaks a fixed term mortgage haven't been charged recently.

[UPDATED] Broker group TNP is launching its own professional association, just as the NZMBA and PAA merge, to offer services such as continued professional development (CPD) training courses. (With TNP release)

Heartland has delivered first-half results near the top of its previous guidance but says lending volumes to date are lower than expected and achieving its full-year forecast will depend on the performance on its rural and business divisions.

Australia-based Liberty Financial says its legal action claiming NZF Group has breached the terms of their Mike Pero Mortgages (MPM) joint venture is in the best interests of MPM customers and its franchisees.

Liberty Financial is claiming NZF Group has breached the terms of their Mike Pero Mortgages joint venture.

Talks between the New Zealand Mortgage Brokers Association (NZMBA) and Professional Advisers Association (PAA) on how they can work more closely together have culminated in a decision to have a single organisation from the beginning of April.

Wellington businessman Lloyd Morrison was a mentor as well as a director of her company, says Fisher Funds Management managing director Carmel Fisher.

The Reserve Bank is still actively considering the use of loan-to-valuation ration (LVR) restrictions on housing lending to contain the next housing market boom.

The impending departure of Reserve Bank governor Alan Bollard has got people thinking about changing the way monetary policy is set - and there are plenty of views on what to do. Jenny Ruth looks at the issue.

Reserve Bank governor Alan Bollard's well-anticipated decision to hold rates steady was over-shadowed by the US Federal Reserve's statement it intends to keep interest rates at historic lows into 2015, much longer than previously indicated.

Investors often react negatively to a director of a listed company selling shares but some sales are more noteworthy than others.

Allan Hubbard's Southbury Group and Southbury Corporation are unlikely to be able to repay the more than $186 million plus interest they owe South Canterbury Finance (SCF), the latest receivers' report says.

Westpac and Bank of New Zealand produced buoyant profits and strong mortgage book growth in the September quarter.

A surge in retail deposits is cushioning New Zealand's banks from having to borrow offshore as much as previously, the Reserve Bank says.

Retail mortgage and deposit rates are unlikely to change much before the second half of next year at the earliest.