Some pre-approved applicants have been able to gather deposits of $600,000+
"Persistent weaknesses" in the bank’s processes have been highlighted
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%.
“His departure is the right one in these circumstances,” says Chairman
Non-compliance with the CCCFA will have “serious financial consequences,” says Commerce Commission
Former broker discusses how to set yourself up for future success