Non-bank lender RESIMAC has completed a $150 million securitisation which will help it continue to grow in New Zealand.
It is the first such RMBS transaction to occur in New Zealand since 2010.
RESIMAC says the deal is an important development and it will allow New Zealand investors to fund its local business. This also will continue to provide RESIMAC with funding stability and diversity.
“We are encouraged by the broad investor interest in New Zealand," RESIMAC chief commercial officer Allan Savins said...MORE»
Tuesday, September 23rd, 9:43AM
Non-bank lender, RESIMAC Home Loans, is paying mortgage advisers an additional 20 basis points of upfront commission on selected products in the lead up to Christmas.MORE»
Thursday, September 11th, 9:10AM
While the Reserve Bank is not indicating when it next expects to increase the OCR, markets are picking the move will come in seven months time.MORE»
Economists’ predictions that the Reserve Bank would hold the official cash rate at 3.50% have proved to be correct.MORE»
OCR unchanged at 3.5 percentMORE»
The official cash rate is highly unlikely to move the week when the Reserve Bank issues its next Monetary Policy Statement. indeed it has been described by one economist as being a vanilla statement.MORE»
The Professional Advisers Association has dumped its introduction to mortgages course and replaced it with a five-day course which it hopes will become mandatory for people wanting to enter the industry.MORE»
Philip Macalister gives you a round up of interest rate news; tells you a story about a re-finance he has just done, and talks about Westpac’s latest moves.MORE»