TNP insists it isn't out to “rape, pillage and plunder” with its plan to form its own professional association but many in the mortgage advisory industry are incensed.

Forsyth Barr has put Heartland's bonds on "hold" while it sees how well the company manages to maintain reinvestment and attract new investors without a government guarantee which expired on December 31.

Inflation expectations have fallen sharply while expectations of economic growth are little changed, according to the Reserve Bank's latest survey.

TNP's plans to form its own professional association may scupper plans to subsume the NZ Mortgage Brokers Association (NZMBA) into the Professional Advisers Association (PAA).

BNZ chalked up another strong quarter of mortgage book growth and its profit surged in the December quarter.

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.