Equitable receiver says too soon to estimate recovery of $192m owed
The receivers of Equitable Mortgages say it's too soon to say how much of the property lender's $188.4m worth of loans they are likely to recover.
The receivers of Equitable Mortgages say it's too soon to say how much of the property lender's $188.4m worth of loans they are likely to recover.
Both Huljich and Fidelity have recently made significant changes to their KiwiSaver businesses that point to a slowdown dead ahead.
David Chaplin looks into the Exclusive Brethren's BCF KiwiSaver scheme.
I worry that the banks are trying to unleash those animal spirits in the housing markets again.
The financial market now expects the Reserve Bank will not increase the OCR from 3 to 3.25 per cent until June next year.
The housing market has started to simmer again.
Taxpayers could be paying as much as $178 million to bail out a failed finance company owned by one of NZ's wealthiest families.
Kiwibank has cut its 2 year fixed mortgage rate to 6.59pc, to try and spice up housing demand.
A real estate agent who bought a $1.27 million home with a complete stranger was a victim of an elaborate property scam and has been left with a $600,000 debt.
A former Auckland Barfoot & Thompson real estate agent has been found guilty of mortgage fraud totalling $13 million.
Homes are at their most affordable in six years - apart from in Auckland, where the average weekly mortgage is more than $570 a week.