Significant $30m loss in Nido syndicate

Significant $30m loss in Nido syndicate

Significant $30m loss in Nido syndicate Significant $30m loss in Nido syndicate shows mortgage lending a less risky option for investors. One of New Zealand’s leading non-bank mortgage lenders says the collapse and mortgagee sale of large-scale Auckland homeware store...
New housing rules

New housing rules

New housing rules New housing rules to stimulate development may be hindered by tight financial restrictions. Government moves to intensify building development and stimulate housing has given a green light to build more houses, but developers already have the brakes...
Bankers leaving the industry

Bankers leaving the industry

Bankers leaving the industry Employees in mainstream banking are leaving the sector as they become fatigued by constantly changing lending rules says the new General Manager of leading mortgage brokerage Omega Capital. Noni Martin joined Omega Capital in June last...