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NZ dollar falls but not all credit for RB boss

NZ dollar falls but not all credit for RB boss
Wellington, Nov 10 NZPA - Reserve Bank (RB) Governor Alan Bollard spoke and the New Zealand dollar fell, but not all the credit is being given to the central bank boss.

Auckland house sales at 20-month low, firm says

Auckland house sales at 20-month low, firm says
Wellington, Nov 3 NZPA - Real estate company Barfoot & Thompson is reporting only 561 house sales in Auckland in October, the lowest level in 20 months. Despite the fall in sales, price levels are holding up, and new listings picked up in the second half of the month.

Bluestone Mortgages loses court battle with NZ regulator

Bluestone Mortgages loses court battle with NZ regulator
Wellington, Oct 29 NZPA - Australian-owned Bluestone Mortgages has lost a High Court battle to strike out claims brought by Commerce Commission.

OCR unchanged at 3pc

Wellington, Oct 28 NZPA - The Reserve Bank is being criticised for not being more flexible in its statement leaving the official cash rate (OCR) unchanged at 3 percent.

OCR unchanged at 3pc

OCR unchanged at 3pc
Wellington, Oct 28 NZPA - Reserve Bank Governor Alan Bollard highlighted recent economic data that was weaker than expected in his decision to leave the official cash rate (OCR) unchanged at 3 percent.

Bids for Strategic Finance's loan book too low for receivers

Bids for Strategic Finance's loan book too low for receivers
Wellington, Oct 22 NZPA - The receivers of Strategic Finance Ltd said offers they received for the failed finance company's loan book were well below their lowest estimate.

Hardest-hit quake residents to learn about repairs today

Hardest-hit quake residents to learn about repairs today
Wellington, Oct 19 NZPA - Canterbury residents whose homes were significantly damaged by last month's quake will learn today about repairs and if demolition will be required.

Keep paying off debt, says retirement commissioner

Keep paying off debt, says retirement commissioner
Wellington, Oct 17 NZPA - Evidence of a shift by New Zealanders from spending to saving is pleasing, but Retirement Commissioner Diana Crossan says she wouldn't want to see people forced into joining KiwiSaver.

Govt launches new scheme for first home owners

Govt launches new scheme for first home owners
Wellington, Oct 11 NZPA - A new scheme for low income earners or first timers buying or building their own homes will allow them to defer paying for the land, says Housing Minister Phil Heatley.

Treasury reminder current deposit guarantee ends next week

Treasury reminder current deposit guarantee ends next week
Wellington, Oct 8 NZPA - The Government's retail deposit guarantee scheme ends on Tuesday, and as at mid-afternoon today only seven institutions are approved for the extended scheme which has lower levels of protection.

Govt announce quake help for Cantabrians

Govt announce quake help for Cantabrians
Wellington, Oct 1 NZPA - A range of measures has been announced today by the Government to help Cantabrians rebuild their homes after the September 4 earthquake. The Earthquake Commission (EQC) will help those with mortgaged houses with damage over $100,000.

Avonside complaints sparks Govt housing response

Avonside complaints sparks Govt housing response
Wellington, Sept 23 NZPA - Housing New Zealand (HNZC) officials are descending on the Christchurch suburb of Avonside following complaints from residents they cannot use their toilets, showers or wash clothes or dishes, nearly three weeks after the September 4 earthquake.

"We need to do more" Parker says

Wellington, Sept 23 NZPA - Christchurch Mayor Bob Parker today conceded that more needed to be done to help residents who feel they have been forgotten in the wake of the massive Canterbury's earthquake.

NZF Group says conditions difficult for finance coys

Wellington, Sept 22 NZPA - NZF Group Ltd said the collapse of South Canterbury Finance has been negative for reinvestment rates for other finance companies and the Crown's retail deposit guarantee scheme has distorted the market place for finance companies.

Changes allow voluntary authorisation by advisers

Wellington, Sept 22 NZPA - Insurance advisers and mortgage brokers will be able to be voluntarily authorised after Cabinet agreed on new regulations, Commerce Minister Simon Power says.

Chch residents feel abandoned after quake

Wellington, Sept 22 NZPA - A group of Christchurch residents feel the council has abandoned them as they are still without basic services almost three weeks after the magnitude 7.1 earthquake.

NZ interest rate unchanged at 3 pct

NZ interest rate unchanged at 3 pct
Wellington, Sept 16 NZPA - Many economists are expecting the official cash rate (OCR) to stay at 3 percent for the rest of 2010, with the Reserve Bank leaving it unchanged today.

Reserve Bank holds official cash rate at 3 percent

Reserve Bank holds official cash rate at 3 percent
Wellington, Sept 16 NZPA - The Reserve Bank today held the official cash rate at 3 percent, amid slow economic recovery and the after-effects of the Canterbury earthquake.

Cash-strapped quake victims can apply for help

Cash-strapped quake victims can apply for help
Wellington, Sept 9 NZPA - Cash-strapped Canterbury earthquake victims may be able to get help managing their bills, says the Ministry of Consumer Affairs. The ministry is advising people to seek help from their lenders if they were finding it difficult to keep up with debt repayments.

Mortgage broker avoid jail over $160,000 rip-off

Mortgage broker avoid jail over $160,000 rip-off
Wellington, Sept 7 NZPA - A Christchurch mortgage broker who admitted ripping off a client to the tune of $160,000 has avoided a jail sentence.

Minister talks to banks about flexibility for quake victims

Minister talks to banks about flexibility for quake victims
By Maggie Tait of NZPA Wellington, Sept 7 NZPA - Banks and Inland Revenue have promised to be flexible for people recovering from the Canterbury quake but that will be tested over time, Finance Minister Bill English says.

ANZ cuts two and three-year fixed loan rates

ANZ cuts two and three-year fixed loan rates
Wellington, Sept 3 NZPA - ANZ is cutting some fixed mortgage interest rates slightly. The bank's two-year fixed mortgage rate reduces to 6.69 percent from 6.70 percent and the three-year fixed rate reduces to 7.10 percent from 7.15 percent.

Tough economic times causing 'food stress'

Tough economic times causing 'food stress'
Wellington, Aug 31 NZPA - Tough economic times are causing "food stress" in poor and middle-class households as they cut back spending on food to cope with costs such as rent or mortgage payments, researchers say.

I can't wait to get back to my side of the world: Bollard

I can't wait to get back to my side of the world: Bollard
Wellington, Aug 30 NZPA - Current and former central bankers from around the world meeting in Jackson Hole, Wyoming, say an uneven global economic recovery is likely to stay on track despite worries about the US economy.

ANZ, National Bank cut fixed mortgage rates

ANZ, National Bank cut fixed mortgage rates
Wellington, Aug 27 NZPA - ANZ and National Bank of New Zealand have cut their fixed mortgage lending rates.

Why Should People Pay For Something They Could Get Free?

Why Should People Pay For Something They Could Get Free?
For years now mortgage brokers have debated the subject surrounding charging a fee as opposed to being paid a commission from the lender. Naturally such a radical change is fraught with resistance, but it may be something that in time will be imposed on the industry as main stream lenders opt for

Home loan affordability improves

Home loan affordability improves
Wellington, Aug 18 NZPA - A measure of home loan affordability shows it improving to its best level in 10 months, with fixed mortgage rates and house prices both lower.

ANZ, National Bank decrease some fixed rates

ANZ, National Bank decrease some fixed rates
Wellington, Aug 13 NZPA - ANZ and National Bank of New Zealand are decreasing some of their fixed home loan rates. ANZ said its two-year rate falls to 6.79 percent from 6.85 percent and its 30-month rate falls to 6.89 percent from 6.99 percent. The changes are effective from tomorrow.

ASB feels the heat on deposits but does better on mortgages

ASB feels the heat on deposits but does better on mortgages
Wellington, Aug 11 NZPA - ASB is earning lower margins on deposits in an extremely competitive market, but a move by customers from fixed-rate to higher margin floating-rate home loans is an offsetting influence, according to parent Commonwealth Bank of Australia (CBA).

Kiwibank, National join ranks of banks changing rates

Kiwibank, National join ranks of banks changing rates
Wellington, Aug 10 NZPA - Kiwibank, National Bank and BNZ are the latest banks to lift their floating mortgage rates and cut longer term fixed rates after the Reserve Bank hiked the official cash rate by 25 percentage points to 3 percent last month.

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