An economic consultancy group has described the Reserve Bank’s justification of imposing debt-to-income limits on housing lending to be "deeply flawed"
Prime Minister John Key has announced his resignation at a press conference today.
The professional body representing property valuers has warned of a ‘DTI disaster’ if the Reserve Bank is given the power to introduce debt-to-income limits.
Four people charged in a $40m mortgage fraud case have pleaded not guilty.
The Reserve Bank of New Zealand has reduced the Official Cash Rate (OCR) by 25 basis points to 1.75%.
The major bank has received the award for the third year running
The largest home loan lender has reduced two of its 'special' fixed interest rates
AIA Group and Zurich Insurance have lobbed bids to buy Sovereign and CommInsure