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Latest from Mortgages

ASB Bank reports record $372m profit - up 31pc
ASB Bank has reported a record $372 million statutory net profit for the six months to December 31, up 31.3 per cent.

Big banks relaxing mortgage rules
The big banks are increasing the amount of residential mortgages they're writing with loan to value ratios (LVRs) in excess of 80 per cent, after tightening home loan lending ratios during the global financial crisis.

Economy on the mend, but global threats loom, says NZIER
New forecasts from the NZIER say the economy is growing slowly this year and keep growing next year, but exports are threatened by a potential global slowdown.