Bank of New Zealand held its share of the mortgage market steady at 16.2% in the March quarter, despite ceasing to be so aggressive with its home loan offerings.

Raising commission rates, as Pioneer Mortgage Services has done, isn't the only way a lender can demonstrate it supports mortgage brokers, says Roger Poulter at Pacific Home Loans.

House price inflation is accelerating again, according to the latest Quotable Value figures.

Westpac's strategy of standing aside from the price war in the New Zealand mortgage market doesn't seem to have hurt it much.

Reserve Bank governor Alan Bollard refused to rule out further rate hikes.

Non-bank lender Pioneer Mortgage Services has seen National Bank's move to cut trail commissions paid to mortgages as an opportunity to reinforce its support of the broker network.

Reserve Bank governor Alan Bollard is likely to keep interest rates where they are when he reviews his official cash rate (OCR) on Thursday.

Mortgage broking and finance company New Zealand Finance Holdings has reported a 71% jump in annual net profit to $2.8 million for the year ended March 31, beating its own December forecast by nearly $300,000.

The Hongkong and Shanghai Banking Corp.’s New Zealand branch is continuing to lose market share in the mortgage market, although its December quarter disclosure document makes it appear worse than it is.

National Bank's decision to stop paying mortgage brokers trail commissions from June is likely to be counterproductive, says New Zealand Mortgage Brokers Association chairman Geoff Bawden.

National Bank will be cutting its trail commissions paid to mortgage brokers from June, the bank confirmed today.

Annual growth in house prices eased slightly in March although it remains in double digits, the latest Quotable Value figures show.

Mortgage brokers may end up being excluded from any recommendations made by the government's Task Force on Regulation of Financial Intermediaries, says New Zealand Mortgage Brokers Association chairman Geoff Bawden.

Bank of New Zealand economist Tony Alexander is sticking with his call that house prices will fall up to 10%, even though figures show something different

While mortgages covering 100% of a house’s purchase price are in fashion, particularly given the government’s desire to increase home ownership, one lender is now offering loans covering 102.5% of the purchase price.

The government’s pilot plan to assist first-home buyers into their own homes has so far helped 850 families buy houses with mortgages totalling nearly $100 million, according to Kiwibank, which administers the scheme.