Arrears/performance/credit quality. (248 items)

Interest-only flow settles at 20%

Interventions by APRA that curtailed riskier mortgage funding by banks "have served their purpose," Wayne Byres, head of the prudential regulator said on Friday. Byres did not address the criticism of the profiteering consequences of this policy in last week’s report from the Productivity Commission on competition in retail banking. read more

Briefs: Co-op Money NZ on 'negative' outlook, ANZ adds wearables payments, interest only losing out, housing affordability improves

Fitch Ratings has revised its outlook on New Zealand Association of Credit Unions (trading as Co-op Money NZ) to Negative from Stable and affirmed its Long- and Short-Term Issuer Default Ratings at 'BB+' and 'B', respectively. read more

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