* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Most mortgage holders managing repayments, but ‘servicing stress’ growing

November 1, 2023
in Business
Most mortgage holders managing repayments, but ‘servicing stress’ growing
Share on FacebookShare on Twitter

A mans hand holds NZ dollar bills against a front of a traditional villa house in Auckland, New Zealand. Buy, sale, real estate, insurance, mortgage, bank loans and housing market concept.

The central bank says the vast majority of mortgage holders have been able to manage higher repayments, although the share of mortgage arrears had increased.
Photo: 123RF

The Reserve Bank (RBNZ) says the country’s financial system remains strong as it adjusts to higher interest rates, but warns a greater share of households will feel more pressure.

In its half-yearly financial stability report (FSR), the central bank said the vast majority of households had been able to manage higher mortgage repayments, although the share of mortgage arrears had increased from low levels.

It expected an increasing share of borrowers would face “significant debt servicing stress” as they moved on to higher interest rates.

“Pockets of stress are likely to grow in the medium-term as highly-indebted households continue to be tested by higher debt servicing burdens,” the report said.

A significant deterioration in the labour market remained a major risk to financial stability.

The report said key global risks in the near term included the possibility of further rate hikes, unexpected impacts from previous rate rises, potential spillovers from the slowdown in the Chinese property market and escalation of conflict in the Middle East.

The RBNZ said weakening global demand, particularly in China, had contributed to lower commodity prices for New Zealand, which would impact farmers.

A lower milk payout and increased costs would likely see some dairy farmers make a loss in the current season, with highly indebted farmers more exposed.

“A single season of low payouts is unlikely to lead to widespread financial distress across the industry. However, a prolonged downturn in dairy prices could see a material pickup in loan losses for banks.”

The country’s banking system remained in good shape to handle external shocks and an economic downturn.

“Banks’ liquidity positions are strong and capital ratios are well progressed towards meeting the higher requirements being phased in by 2028.”

Households keeping up with repayments

The FSR said higher interest rates meant more pressure on indebted households’ budgets, but the majority had been able to meet repayments. More borrowers would feel the pain of higher interest rates, it warned.

“We expect an increasing share of borrowers will face significant debt servicing stress. For many households that borrowed in 2020 and 2021, current interest rates exceed the test rates used by banks to assess affordability, and some may be particularly vulnerable to debt servicing stresses.”

Households that borrowed at high debt-to-income (DTI) ratios over the period remained at risk, it said. The average share of their disposable income going to interest payments was expected to rise from a low of 9 percent in 2021 to about 18 percent by mid-2024.

Loan arrears have steadily increased over the past year, but remained well below levels seen following the Global Financial Crisis in 2008.

Work ongoing on DTI restrictions

The RBNZ said work on developing a framework for imposing restrictions on high debt-to-income mortgage lending was ongoing.

“Banks are developing reporting and management systems so that DTI restrictions could practically be implemented by April 2024,” the report said.

“We are currently assessing how a DTI tool could be calibrated alongside LVRs (loan to value restrictions) and intend to consult publicly on potential DTI settings in early 2024.”

Financial institutions show resilience, but some face challenges

The RBNZ said the country’s financial institutions continued to show resilience despite the recent headwinds.

“Banks remain profitable and have strong capital and liquidity positions, with the sector well placed to manage the possible emergence of more severe financial stress and weaker economic conditions,” it said.

However, the non-bank sector faced challenges – building societies, credit unions and deposit-taking finance companies – with total lending of about $2.2 billion.

The RBNZ said there had been a broad slowdown of new lending by non-bank deposit takers (NBDTs) over the past year, driven by higher interest rates and the uncertain economic outlook.

“The resilience of New Zealand’s NBDTs varies across the sector. While the NBDT sector as a whole continues to build capital buffers and improve operational efficiency, some NBDTs face ongoing challenges, largely due to a lack of scale.”

The central bank said insurers had also felt the impact of higher reinsurance costs, severe weather events and investment losses due to rising interest rates, but solvency positions remained robust.

“Despite profitability declining, aggregate solvency positions remain well above regulatory requirements for the three main types of insurance, highlighting the ability of insurers to withstand shocks.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/501436/most-mortgage-holders-managing-repayments-but-servicing-stress-growing-rbnz

Tags: businessHoldersMortgage
Previous Post

The Crypto Bull Market is Here: New Token Predicted To Outperform Fetch.Ai and Injective

Next Post

Hnry launching debit card service to help sole traders with expense claims

Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

October 3, 2025
HIV pioneer Dr. William Valenti retires, leaving lasting impact on health community – 13wham.com

HIV Pioneer Dr. William Valenti Retires, Leaving an Enduring Impact on the Health Community

October 3, 2025
As the shutdown drags on, the threat of permanent cuts is mired in politics – NPR

As the Shutdown Continues, the Risk of Lasting Cuts Grows Amid Political Stalemate

October 3, 2025
West Seattle Ecology Fair 2025, report #2: Heat waves aren’t just a source of discomfort – West Seattle Blog…

West Seattle Ecology Fair 2025: Uncovering the Hidden Impacts of Heat Waves Beyond Our Comfort

October 3, 2025
Roam The Huntington after dark at an atmospheric ‘Strange Science’ night – NBC Los Angeles

Uncover the Secrets of The Huntington After Dark at the Enchanting ‘Strange Science’ Night

October 3, 2025
Viral apple cider vinegar weight loss study retracted for flawed science – ScienceDaily

Viral apple cider vinegar weight loss study retracted for flawed science – ScienceDaily

October 3, 2025
A love letter to the garden – The Inquirer and Mirror

A Heartfelt Ode to the Garden: Celebrating Nature’s Timeless Beauty

October 3, 2025
Technology Is Becoming More Important Than Humans In CX – No Jitter

Technology Is Becoming More Important Than Humans In CX – No Jitter

October 3, 2025
NFL Power Rankings, Week 5: Rodgers, Steelers surge into top 10; Ravens in free fall – CBS Sports

NFL Power Rankings, Week 5: Rodgers, Steelers surge into top 10; Ravens in free fall – CBS Sports

October 2, 2025
Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

October 2, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (848)
  • Economy (868)
  • Entertainment (21,743)
  • General (17,378)
  • Health (9,912)
  • Lifestyle (881)
  • News (22,149)
  • People (870)
  • Politics (880)
  • Science (16,079)
  • Sports (21,369)
  • Technology (15,852)
  • World (851)

Recent News

Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

October 3, 2025
HIV pioneer Dr. William Valenti retires, leaving lasting impact on health community – 13wham.com

HIV Pioneer Dr. William Valenti Retires, Leaving an Enduring Impact on the Health Community

October 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version