News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
ASB's mortgage book shrinks for a seventh successive quarter
Commonwealth Bank of Australia-owned ASB Bank's mortgage book shrank for a seventh successive quarter in the three months ended December although profit rose strongly.
Westpac's Dec Qtr profit surges but mortgage lending slows to a trickle
The loan-to-valuation ratio table in the bank's latest disclosure statement shows its mortgage book grew just $29 million to $35 billion in the three months ended December.
Sluggish mortgage growth prompts agressive loosening of lending standards
Sluggish growth in net mortgage lending appears to be driving some of the major banks to compete by aggressively loosening their credit criteria with ASB Bank leading the charge even as its mortgage book continues to shrink.
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