Mortgages

Competition from rivals and customers switching banks challenging Westpac NZ in housing market, CEO Catherine McGrath says

Competition from rivals and customers switching banks challenging Westpac NZ in housing market, CEO Catherine McGrath says

Latest Centrix data finds home loan arrears remain at their lowest level since December 2022, but broader credit demand stays mixed

Latest Centrix data finds home loan arrears remain at their lowest level since December 2022, but broader credit demand stays mixed

Westpac NZ cites 'intense competition' for home loans as annual profit and net interest margin fall

Westpac NZ cites 'intense competition' for home loans as annual profit and net interest margin fall

New Zealanders forked out just over $29 billion in mortgage payments in the September year

New Zealanders forked out just over $29 billion in mortgage payments in the September year

First-home buyers secured nearly 25% of new home loans in the first half of the year, with average borrowing for FHBs topping $500,000, according to the NZBA

First-home buyers secured nearly 25% of new home loans in the first half of the year, with average borrowing for FHBs topping $500,000, according to the NZBA

Latest Centrix data shows financial hardship on the rise with personal loan hardship volumes surging

Latest Centrix data shows financial hardship on the rise with personal loan hardship volumes surging

Banks may be facing some leaner times as new mortgage lending declines

Banks may be facing some leaner times as new mortgage lending declines

ANZ, Westpac, BNZ, ASB and Kiwibank increase floating home loan rates, some savings rates rise too, after Reserve Bank lifts OCR

ANZ, Westpac, BNZ, ASB and Kiwibank increase floating home loan rates, some savings rates rise too, after Reserve Bank lifts OCR

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

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

Kiwibank succeeding in maverick disruptor role by growing market share, CEO Steve Jurkovich says

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

AUSTRAC 'uncovers coordinated mortgage fraud and systemic weaknesses across Australia’s lending sector' as NZ regulators spend more time on mortgage fraud cases

AUSTRAC 'uncovers coordinated mortgage fraud and systemic weaknesses across Australia’s lending sector' as NZ regulators spend more time on mortgage fraud cases

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'

Serious Fraud Office seeks help in pursuit of alleged 'criminal syndicate' that fraudulently obtained mortgages worth almost $5 million

Serious Fraud Office seeks help in pursuit of alleged 'criminal syndicate' that fraudulently obtained mortgages worth almost $5 million