The value of Hubbard Management Funds (HMF) fell by $7.2 million to $48.8 million in the four months to January 31, the statutory managers say.

A verified register of Equitable Mortgages due to get their money back under the government guarantee will go to Treasury within “a week or two, tops,” says receiver Grant Graham of KordaMentha.

Economists are divided on whether Reserve Bank governor Alan Bollard will keep interest rates on hold, make a small cut or a big cut in response to the Christchurch earthquake and the still sluggish economy.

Former Nathans Finance director John Hotchin has been fined $200,000 and sentenced to 11 months home detention and 200 hours community service after pleading guilty to making false and misleading statements.

Downer EDI's senior bondholders won't be getting higher interest because international ratings agency Fitch has affirmed its “BBB-” investment grading rating and changed its outlook to stable.

Standard & Poor's has cut NZF Money's credit rating to “CCC,” citing its weakened liquidity position and questioning its ongoing viability.

Westpac's New Zealand mortgage book probably grew somewhere between $50 million and $80 million in the three months ending December.

NZF Group expects many more of its noteholders will opt to rollover their investment into new notes rather than accept shares.

SBS Bank's mortgage book swelled in the three months ended December, reflecting its take over of fellow co-operative Hastings Building Society.

Allied Farmers says it has written down the former Hanover assets by a further $12.62 million.

ANZ Bank's share of the mortgage market probably continued to slide in the December quarter even as a big drop in charges for bad loans boosted profitability.

Kiwibank appears to still be growing its mortgage book at much faster than its market share even as bad loans continue to mount and profitability is under pressure.

Downer EDI's senior bondholders have a keen interest in whether the company raises fresh equity because that will have a direct bearing on whether the company loses its investment grade credit rating and therefore has to pay them higher interest.

TSB Bank grew its mortgage market share in the December quarter but its profitability fell as the interest it paid on deposits grew faster than interest paid by its customers.

Bank of New Zealand's mortgage book grew strongly in the December quarter, as did its underlying profitability.

Westpac's latest figures for its New Zealand subsidiary suggest our bank disclosure regime is no longer working, at least as far as deriving meaningful information on banks' mortgage lending goes.