The TOP 10 stories on www.tmmonline.nz A lot has happened in the market since the last edition of the magazine. Here are the most-read industry stories from tmmonline. 01 KIWIBANK JUST OVER A MONTH AWAY FROM ENTERING ADVISER MARKET Kiwibank says it is on track to roll out its mortgage adviser proposition and Covid-19 has not delayed it.
06 WESTPAC NOT BUDGING ON INVESTOR LVR Westpac is sticking to its 70% loan-to-value ratio limit for investor mortgages, despite rival banks loosening up following the end of LVR restrictions.
07 CONCERNS OVER NZFSG-KEPA DEAL 02 ANZ REDEPLOYS STAFF TO BROKER APPLICATIONS ANZ has redirected more staff to handle mortgage adviser applications amid a growing backlog in home loan processing.Â
03 AUSTRALIA SCRAPS RESPONSIBLE LENDING LAWS The Australian government has axed responsible lending laws in "the most significant reforms to Australia's credit framework in a decade".
04 NZFSG MERGES WITH KEPA
NZFSG has taken over rival group Kepa, as adviser businesses consolidate ahead of the new regulatory regime.
05 ECONOMY PERFORMING BETTER THAN EXPECTED: ASB The New Zealand economy is faring better than expected despite the second lockdown in Auckland, according to ASB economists.
Advisers have expressed concerns that a combined NZFSG-Kepa group would exert too much control over the New Zealand adviser market.
08 FRUSTRATION OVER HOME LOAN PROCESSING Mortgage advisers say their turnaround times continue to be much slower than direct home loan applications, leading to frustration across the industry.
09 GROWING CALLS TO OVERHAUL RESPONSIBLE LENDING CODE A growing chorus of mortgage advisers want New Zealand to follow Australia's lead and scrap responsible lending laws.
10 ARE BRANCH CUSTOMERS GETTING PREFERENTIAL TREATMENT? Advisers fear major banks are prioritising direct mortgage applications over broker-led home loans, as turnaround times worsen.
TMM Online also has all the latest mortgage rates and changes. www.tmmonline.nz
034
TMM 5
To keep up with all the news make sure you check www.tmmonline.nz regularly. Or you can get the news and rates update sent to you each day by signing up to the TMM email newsletter.
