home loans
Results of the hand-to-hand combat in the fight for home loan market share suggest two nimble and smaller banks are winning against their three larger rivals
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Results of the hand-to-hand combat in the fight for home loan market share suggest two nimble and smaller banks are winning against their three larger rivals
New mortgage borrowing in July slipped to lowest monthly level since February, falling 13% or almost $1.2 billion year-on-year as investors retreat
New mortgage borrowing in July slipped to lowest monthly level since February, falling 13% or almost $1.2 billion year-on-year as investors retreat
Kiwibank succeeding in maverick disruptor role by growing market share, CEO Steve Jurkovich says
[updated]
Kiwibank CEO Steve Jurkovich says ANZ NZ has been 'very competitive' in mortgage market, notes bank mergers 'quite tricky' to pull off
Kiwibank CEO Steve Jurkovich says ANZ NZ has been 'very competitive' in mortgage market, notes bank mergers 'quite tricky' to pull off
As home loan applications drop, Australia's big four banks face a growing challenge from Macquarie
As home loan applications drop, Australia's big four banks face a growing challenge from Macquarie
[updated]
ASB annual profit falls as bank 'embarks on programme of work to streamline practices to create better outcomes for customers'
ASB annual profit falls as bank 'embarks on programme of work to streamline practices to create better outcomes for customers'
Although it fell year-on-year, New Zealanders were still charged $4.8 billion of interest on residential mortgages in Q2 this year
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Although it fell year-on-year, New Zealanders were still charged $4.8 billion of interest on residential mortgages in Q2 this year
[updated]
Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too
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Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too
Long term data tracking shifting mortgage market shares shows why borrowers should expect to move their loan between banks on a regular basis
Long term data tracking shifting mortgage market shares shows why borrowers should expect to move their loan between banks on a regular basis
Forsyth Barr analysts see integration of technology systems and TSB’s low lending and earnings growth as potential risks to a successful merger with Heartland
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Forsyth Barr analysts see integration of technology systems and TSB’s low lending and earnings growth as potential risks to a successful merger with Heartland
Credit bureau Centrix says over 134,000 homeowners now have mortgages exceeding $1 million
Credit bureau Centrix says over 134,000 homeowners now have mortgages exceeding $1 million
Heartland Group CEO says not yet decided which technology platform a combined Heartland-TSB would use, acknowledges cultural differences but doesn't expect major problems
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Heartland Group CEO says not yet decided which technology platform a combined Heartland-TSB would use, acknowledges cultural differences but doesn't expect major problems
Whilst it may monitor banks' OCR pass through data, the FMA acknowledges banks have no legal obligation to pass on changes as most appear to pad floating mortgage rate margins
Whilst it may monitor banks' OCR pass through data, the FMA acknowledges banks have no legal obligation to pass on changes as most appear to pad floating mortgage rate margins
[updated]
Kiwibank makes mortgage rate changes, staying competitive for one year fixed but they now have the highest carded rates for longer fixed terms. Its matching term deposit rate changes are for terms savers don't favour
Kiwibank makes mortgage rate changes, staying competitive for one year fixed but they now have the highest carded rates for longer fixed terms. Its matching term deposit rate changes are for terms savers don't favour
ANZ has raised their two year fixed mortgage rate by +20 bps, most others by +10 bps, resulting in the most expensive rate card in the home loan market at present
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ANZ has raised their two year fixed mortgage rate by +20 bps, most others by +10 bps, resulting in the most expensive rate card in the home loan market at present