Mortgage lending slumped by a huge 57.1% to $6 billion in January after rising to a record $14.1 billion in December off the back of the major banks’ short-lived 1.5% cashback incentives, the latest Reserve Bank data shows.

Fintech Dosh’s bid to become a bank swiped left by the Reserve Bank blocks banking innovation.

Mortgage advisers can now use ASB for clients buying a home under the Kāinga Ora First Home Loan scheme.

The NZIER monetary policy shadow board says the RBNZ should start raising the OCR in the second half of this year.

The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market.

The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned.

Hawkes Bay-based Finsol is calling for “cowboy” advisers to be kicked out of the industry.

OCR expected to be held at 2.25% at first review of the year.

Mortgage interest payments falling 17.3% last year kept the cost-of-living hikes for the average household at just 2.2%.

Being a good mortgage adviser requires combining technical expertise in lending with exceptional customer service to build trust.

As expected, billions of mortgage dollars washed around the major banks at the end of last year as homeowners chased the big cash backs on offer.

Traditional mortgage advisory companies have been told to take the lead from fintechs in becoming more agile, innovative and aggressive.

The ASB and ANZ have joined Westpac in thinking the Reserve Bank will be forced to raise the OCR this year instead of next.

New global research from LinkedIn shows professionals, such as mortgage advisers, are turning to their networks as they feel overwhelmed by rising AI expectations.

The mantra of survive til ‘25 transitioned into survive thru ‘25 as the economic recovery proved gradual.