Mortgage News

ASB's home loan book shrinks - again

Thursday 13th of September 2012

However, it's the safest part of its book which is shrinking while riskier mortgages show strong growth.

ASB's June quarter disclosure statement shows its mortgage book shrank by $39 million to $37.39 billion in the three months ended June 30 while total mortgage lending by registered banks rose by $1.69 billion in the quarter – as previously reported, ANZ Bank accounted for $1.09 billio...

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