OPI Pacific Finance's receivers aren't having much luck in collecting on supposed guarantees provided by its Australian parent.

ASB Bank has joined a number of other banks in cutting fixed-term mortgage rates, slashing its one, two and three-year rates.

Highlighting the intense competition building up in the mortgage market, BNZ has slashed its 18-month fixed “Classic” mortgage rate to 5.10% “for a limited time.”

Hard on the heels of slashing its one-year fixed mortgage rate nationally, ANZ National Bank has launched a 4.55% one-year fixed rate for Christchurch residents and committed to lend up to $500 million as part of a package of measure aimed at supporting the residential rebuild in the quake devastated city.

AMP provides an update on its performance and also some terse comments about changes to superannuation.

BNZ says it's winning market share in both deposits and mortgages.

ANZ Bank has slashed its one-year fixed mortgage rate to 5.25% from 5.65% citing "a window for cheaper longer-term wholesale interest rates that ANZ is taking advantage of and we're passing this on to customers."

Only about half the dramatic slowdown in credit growth since 2007 can be explained by the slowdown in house sales, the Reserve Bank says in its latest Financial Stability Report.

Mike Pero Mortgages chief executive Shaun Riley says last week's rumours he has resigned were correct and he will depart the company in July.

ANZ National Bank has been working on streamlining its mortgage application process to make it easier and quicker for customers.

South Canterbury Finance's (SCF) receivers realised a further $148.2 million from asset sales and loan collections and repaid the government a further $125 million in the six months ended February 29.

Westpac says its New Zealand mortgage portfolio grew 1% to $35.4 billion in the six months ended March compared to the 0.7% growth in mortgages held by New Zealand banks overall.

Credit growth growth ticked up marginally in March and the popularity of floating rate mortgages showed no sign of waning, the latest Reserve Bank figures show.

NZF Group's assets remain frozen after the receivers of its former finance company convinced the High Court they have an arguable case against NZF and there is a serious risk of NZF's assets being dissipated.

Hot on the heels of Reserve Bank governor Alan Bollard opening the door to a possible interest rate cut, government-owned Kiwibank has slashed its one-year fixed mortgage rate to just 4.99%.

The chances of floating mortgage rates rising this year remain remote and they might even fall if the New Zealand dollar remains so strong.