The sale of NZF’s 50% stake in Mike Pero Mortgages has been approved by shareholders, but it is worried about repayment of a shareholder loan. Details here.
The Serious Fraud Office said on Friday it was prosecuting a group of people over a complex $9.2 million mortgage fraud. While the key person has been described as a mortgage broker iIt seems she wasn't actually on the Financial Service Providers Register. Story here
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