"Obviously if you've still got a job and you can service the loan it becomes not so relevant. It's 2% or something like that," Watson says. "The cohort of people who bought at the peak of the market and who might be in negative equity, we're definitely seeing an increase in the proportion of our book in negative equity.
So all of that really sits on the positive side." "People have had pay rises and people have still got jobs. They've probably also had a pay rise don't forget," says Watson. So yes, there are some people paying more now than they were tested at. "Not forgetting that our affordability tests tend to be on the conservative side. Speaking to .nz after ANZ NZ released its interim financial results on Friday, Watson said the 25% figure for borrowers stress tested in 2020-21 was "probably about right" for ANZ NZ's home loan portfolio. The Reserve Bank also confirmed that 25% of loans stress tested by banks in 2020-21 are now above their stress testing limits. Banks use test rates to assess would-be borrowers’ capacity to meet repayment requirements if interest rates rise. ANZ NZ is NZ's biggest home lender with a $105 billion home loan portfolio. Thus a quarter of that is a bit less than $87 billion worth. In last Wednesday's Financial Stability Report the Reserve Bank said 25% of outstanding mortgages were taken out between late 2020 and late 2021 when house prices were high and interest rates low. As of March this year, Reserve Bank figures show $347 billion worth of home loans. Jim develops strong feelings for Ántonia, something between a crush and a filial bond, and the reader views Ántonia’s life, including its attendant struggles and triumphs, through that lens.ANZ New Zealand has a group of borrowers who bought homes when house prices were especially elevated in 20 "under heightened alert," as past due loans and the volume of borrowers in negative equity creep higher, CEO Antonia Watson says. The book’s narrator, Jim Burden, arrives in the fictional town of Black Hawk, Nebraska, on the same train as the Shimerdas, as he goes to live with his grandparents after his parents have died.
My Ántonia tells the stories of several immigrant families who move out to rural Nebraska to start new lives in America, with a particular focus on a Bohemian family, the Shimerdas, whose eldest daughter is named Ántonia. Download cover art Download CD case insert My Ántonia
0 kommentar(er)
