TNP plan may scupper NZMBA/PAA tie up

Mortgage industry leaders, including all three former NZMBA chairmen, are now challenging the NZMBA's windup.

The PAA clearly still wants the plan to proceed but questions both TNP's timing and its move to form another association at a time when the industry is trying to consolidate.

"We're committed to being an impartial, professional association which provides professional benefits and advocacy to government independent of any provider or distribution group," PAA chief executive Edward Richards says.

"TNP is a totally different organisation from a professional association such as the PAA because they're a commercial animal."