Next month’s Reserve Bank Financial Stability Report will review the state of the housing market and the implications of that on loan-to-value restrictions, the Reserve Bank governor says.
It had been predicted that the LVR rules might be lifted by the end of this year.
In a speech this morning opening the BIS Cross-Border Financial Linkages Conference in Wellington, Reserve Bank governor Graeme Wheeler did not give any indication of when the rules might be relaxed.
He said they had led to a significant reduction in high-LVR lending, a drop in sales and a fall in house price inflation...MORE»
Friday, September 26th, 1:54PM
Non-bank lender RESIMAC has completed a $150 million securitisation which will help it continue to grow in New Zealand.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»
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»