Mike Pero didn’t intend buying back the 50% of the nationwide mortgage broking firm he didn’t own. Rather he and fellow shareholder South Canterbury Finance intended selling the business to a third party.

Jenny Ruth looks at what the possible sale of the National Bank means for mortgage brokers.

The Mortgage Industry Association of Australia is about to introduce a new disciplinary process for its members which will give it the power to censure, suspend and expel any members who don’t comply with the standards set by its code of conduct.

The latest housing consent figures once again show huge swings in approvals for apartments, but they also show, for once, that the number of consents excluding apartments are also down.

An interest rate cut is almost definite this week, however economists are divided on whether it will be a 25 or 50 basis point cut.

HSBC says its five-year alliance to sell mortgages through the AMP Adviser channel won't alter its existing arrangements with brokers.

The latest Quotable Value figures provide further proof of just how buoyant the housing market is.

You’d be hard-pressed to read much of a slowdown into the latest housing market figures.

Prices at the top end of Auckland’s residential property market are growing considerably faster than the overall market, according to Bayleys Research.

One of the longer-serving names in the mortgage broking business is going.

The Reserve Bank's recent OCR rate cut caught the market by surprise, raising the question: "Did the bank get it wrong?" Jenny Ruth investigates.

BNZ's decision to withdraw from the important broker market has people scratching their heads.

The number of housing consents rebounded sharply in March, resulting in the highest number in the month of March since 1977.

Short-term interest rates and floating rate mortgages are likely to continue falling this year as the Reserve Bank continues to cut its Official Cash Rate (OCR), but longer-term fixed rate mortgages are more likely to rise, says Anthony Byett, chief economist at ASB Bank.

AMP has decided its Australasian and British businesses can't live together any more so it's splitting them up.