Kiwibank, which kicked off the latest mortgage rate war in late April, has launched another “special” offer.

TrustPower is planning to sell up to $200 million in subordinated retail bonds which will be stock exchange-listed.

Blue Star Group is looking at selling all or parts of its business but has warned its listed bonds may already be worthless.

The price war between banks in fixed-rate mortgages is starting to shift borrowers out of floating rates.

The $885,000 Nathans Finance directors were ordered to pay in reparation will go the the receivers for the benefit of all out-of-pocket investors, a High Court judge has ruled.

The March quarter was a bumper one for mortgage lending with total lending by all banks jumping to $1.39 billion compared with just $0.32 billion in the December quarter and $0.8 billion in the September quarter last year.

Former World Bank and New Zealand Treasury official Graeme Wheeler will succeed Alan Bollard as governor of the Reserve Bank of New Zealand.

Former World Bank and New Zealand Treasury official Graeme Wheeler will succeed Alan Bollard as governor of the Reserve Bank of New Zealand.

Australia-based non-bank lender Resimac has launched its first suite of home loans in the New Zealand market, a joint-venture with the Loan Market aggregation group called Economy Home Loans.

The Co-operative Bank's mortgage book grew by about the same as it market share in the March quarter while its profitability improved as charges against profit for bad loans receeded.

GFNZ Group, formerly Geneva Finance, has narrowed its annual loss as losses from its old ledgers diminished and profits from its new business model doubled.

Reserve Bank governor Alan Bollard's latest monetary policy statement suggests mortgage rates aren't going up any time soon although the likelihood they might fall further remains an outside chance.

Reserve Bank governor Alan Bollard's latest monetary policy statement suggests mortgage rates aren't going up any time soon although the likelihood they might fall further remains an outside chance.

Reserve Bank governor Alan Bollard will probably keep interest rates on hold this Thursday although financial markets are still pricing in a 20% chance of a rate cut.

Westpac New Zealand attributes its growth of market share in the mortgage market over the last couple of years to putting decision making capability back to its front-line staff.

GFNZ Group, formerly Geneva Finance, should have a new prospectus in the market aimed at attracting new debenture funding within the next couple of weeks.