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Kiwibank, HSBC warned about mortgage fees
The Commerce Commission has warned Kiwibank and HSBC about the formulas the two banks used to use to work out mortgage break fees.
<i>Bernard Hickey: </i>Tightening without hiking the OCR
The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.
Goldman Sachs exec declares 'I did not mislead'
Top Goldman Sachs officials have defended their conduct in the financial crisis.
Goldman Sachs emails reveal meltdown strategy
Goldman Sachs has lifted the veil of secrecy surrounding its multibillion dollar trading in the mortgage market at the height of the credit crisis.
House mortgage market drying up
The number of people who received mortgages in the first quarter of this year was 30 per cent down on 2009.
Experts: Banks more willing to lend on mortgages
Would-be housebuyers struggling to scrape together a deposit have a glimmer of hope, as banks appear to be loosening the purse strings.
<i>Mary Holm</i>: Fed up with landlord tantrums
Mary Holm's financial advice column features an accountant who's fed up with complaining landlords.
Allied investors in the rough
Shareholders in rural services company Allied Farmers stand to lose out over an estimated $24 million mortgage on the Jack Nicklaus-designed Kinloch Golf Club near Lake Taupo.
It's hard labour to own a house
The average Kiwi has to work nearly three times harder to pay off the average house than they did 50 years ago.
Cash for preaching lifts Tamaki's pay to $1m
Bishop Brian Tamaki is paid an average of $3000 each time he preaches at a Destiny Church outside of Auckland.