The first winner of the mortgage broker of the year award in 2001, Wayne Oliver of Oliver Financial Services, has decided to leave aggregation group Plan NZ and to work through NZ Mortgage Brokers Association chairman Brian Berry’s firm, Mortgage Works.

As expected, Reserve Bank governor Alan Bollard raised interest rates and waved a big stick at "the relentless housing market" and household spending, threatening further rate hikes if they don't calm down.

Most economists are expecting Reserve Bank governor Alan Bollard will raise interest rates on Thursday although not all are convinced of the wisdom of doing so.

Superbank and Mortgage People have decided to part company having decided their partnership has been mutually unsatisfactory.

Goldman Sachs JB Were has lowered its return expectations for the New Zealand sharemarket from 6.5% to nil.

House price inflation accelerated yet again in September, continuing the trend shown since March, according to the latest Quotable Value figures.

Banks seem to be much better at retaining customers than brokers, an analysis of loan discharges at Pacific Home Loans suggests.

House price inflation accelerated yet again in September, continuing the trend shown since March, according to the latest Quotable Value figures.

The Hongkong and Shanghai Banking Corp.'s New Zealand branch managed to grow its mortgage book slightly in the June quarter although it is still losing market share.

The continuing strength of the housing market is starting to worry one property market analyst.

ANZ Bank’s economists have changed tbeir view on the outlook for interest rates and now expect the Reserve Bank will hike rates when it next reviews them in late October.

The government-owned Kiwibank's net profit surged to $7.2 million for the year ended June 30 from an $0.5 million loss last year, although the fourth quarter result eased to a $2.3 million profit from $2.4 million in the third quarter.

While house prices are currently greatly inflated compared with the long-term trend, it's likely to take a long time before they adjust back to trend, says Andrew Gawith, an economist at Infometrics.

The major banks would be well-advised to take note of the results of a survey of mortgage brokers that shows an overwhelming preference for trail commissions.

economists and the wholesale interest rates markets expect the Reserve Bank will leave interest rates unchanged when it releases its monetary policy statement on Thursday.

ANZ National Bank's net profit fell and it continued to lose market share in the mortgage market.