Christchurch lender 4J Enterprise Ltd fined $15,000 for unregistered lending
Director Hope Suan and senior manager Juvy Suan pleaded guilty as parties to the company’s offending. They were…
Private credit gains ground in New Zealand as regulators watch offshore risks
In broad terms, private credit is when a business borrows from a private investment firm instead of a…
Aussies pour millions into superannuation following budget negative gearing, CGT changes
Australia’s major super funds have revealed a surge in members making extra contributions as the government’s negative gearing…
New Zealand personal loan delinquencies hit three-year high
KAREN JOY BACUDO Finance Editor Personal loan delinquency rates in New Zealand rose to 5.95% in April, their…
Grammy-winning singer Peabo Bryson dies aged 75
His relatives said they were “tremendously moved by the outpouring of love, prayers and support from fans, friends,…
BNZ undercuts rivals Kiwibank, ANZ and Westpac as it hikes key mortgage rates
ANZ had also lifted its special one-year fixed rate by 10bps to 4.69%. ASB has the lowest one-year…
The end of the affair – Kiwis cease flirtation with super-short fixed mortgage terms
What a difference a year makes. In January of this year, kiwi owner-occupiers took out over $2.7 billion…
‘Longer is stronger’ mortgage shift continues
The ‘longer is stronger’ move in the mortgage market exploded in December and then continued strongly in January,…
Record portion of new lending goes to first-home buyers with small deposits as bank lending rules loosened
Furthermore, the Reserve Bank loosening the LVR restrictions it imposes on banks in December gave banks more leeway…
Westpac economists see OCR at 4% by end of next year
Westpac economists are forecasting that the Official Cash Rate (OCR) will hit 4% by the end of next…
Two-year fixed mortgages roar back into favour with home owners
The previously fashionable, but recently deserted, two-year fixed term mortgages roared back into favour with home owners in…
Mortgage yields head down towards 5%
What goes up, will come down – just not maybe as quickly as we might want and imagine.…