Search Results for “mortgage stress” – Page 22 – Digital Finance Analytics (DFA) Blog

German Bank Stress Test Hit By Low Interest Rates

Moody says that on 23 September, German bank regulator Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) and the German central bank, the Deutsche Bundesbank, published the results of their biennial stress test applied to 1,412 small and midsize German banks that fall under BaFin’s direct oversight. The tested banks represent 38% of German banking system assets. The stress … Continue reading “German Bank Stress Test Hit By Low Interest Rates”

Scandinavian, Dutch and Swiss Mortgage Performance

Fitch Ratings says residential mortgage loans in Scandinavia, the Netherlands and Switzerland have seen exceptionally strong performance despite high loan-to-value (LTV) ratios and significant household debt. This reflects generous social security systems and large household wealth, which are a common denominator of these ‘AAA’ rated jurisdictions with strong public finances. The growth of housing debt … Continue reading “Scandinavian, Dutch and Swiss Mortgage Performance”

NSW Mortgage Arrears Higher In July – S&P

Australian prime home loan arrears fell in July in all states except NSW and South Australia, but they remain above their five-year average, new data from Standard & Poor’s has shown, via The Adviser. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages dropped to 1.49 per cent in July 2019, down from … Continue reading “NSW Mortgage Arrears Higher In July – S&P”

Westpac 3Q19 Stressed Assets Rise

Westpac has released their 3Q19 disclosures. Mortgage delinquencies were higher which mirrors other recent bank sector results. They reported an increase in impaired assets over the quarter, up $0.1 bn to $1.9 bn. Stressed assets to total committed exposures rose 10 basis points to 1.20%, of which 1 basis point was from impairments, 3 basis … Continue reading “Westpac 3Q19 Stressed Assets Rise”

Genworth Says Mortgage Delinquencies Higher

Genworth reported their 1H19 results today. As the most transparent Lenders Mortgage Insurer in Australia it provides an important, if myopic sense of what is happening at the mortgage portfolio coalface. And pressure is still building. They reported a NPAT of $88.1 million includes after tax unrealised gain of $45.4 million on investment portfolio (1H18: … Continue reading “Genworth Says Mortgage Delinquencies Higher”

RBA On Household Debt And Financial Stress – FOI

The RBA released a freedom of information request today. They say: Household debt-to-income has drifted up, to 190 per cent (Graph 1 – broad measure, includes debt of unincorporated enterprises, new migrants’ offshore debt, HECS and to non-financials). More frequently we cite housing debt-to-income which has increased to over 140 per cent (up 23 percentage … Continue reading “RBA On Household Debt And Financial Stress – FOI”

90 Day+ Mortgage Delinquencies Higher

Moody’s released their SPIN index for May 2019. Their overall score slid just a little to 1.52%, though with significant regional variations. However, 90 days+ default rates continued higher. There were rises in 90 day issues in both the regional and major banks books. A caveat of course is these are mortgages in securitised loan … Continue reading “90 Day+ Mortgage Delinquencies Higher”

Mortgage Arrears Higher Again In April

The S&P Spin Index for April shows a further rise in mortgage defaults, with WA and QLD leading the way. Only the ACT fell. Now of course these are a myopic cross selection of loans, because they are those in the securitised pools. However, the rising trend continues. Within the mix, 90+ days arrears continue … Continue reading “Mortgage Arrears Higher Again In April”