Page 22 - Keith Mclaughlin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Another sign that some of the economic pain of 2020, has been dealt to

The Reserve Bank shows $2.6 billion worth of loans remain deferred. Photo: 123rf Data from the central credit reporting agency Centrix shows there are now 15,000 mortgages in arrears, up 2000 from September. When the pandemic first struck concessions were made to allow retail banks to defer mortgage payments for customers in hardship, although interest still accrued on the balance. Of those who took up the deferral option, 80 percent had come off, however Reserve Bank data showed $2.6 billion worth of loans remained deferred. Centrix chief executive Keith McLaughlin said those customers were...

Shaky foundations: More Kiwis missing mortgage payments as demand for credit soars 21 Dec, 2020 04:42 AM 2 minutes to read Mortgage arrears rose for the second month in a row in November. Data from the central credit reporting agency Centrix shows there are now 15,000 mortgages in arrears, up 2000 from September. When the pandemic first struck, concessions were made to allow retail banks to defer mortgage payments for customers in hardship, although interest still accrued on the balance. Advertisement Centrix chief executive Keith McLaughlin said those customers were likely the ones doing it ...

Tough 2021: Early signs of debt stress creeping up 22 Dec, 2020 04:30 AM 4 minutes to read There are signs that debt stress levels are beginning to creep back up in what could be an early warning of a tough start to 2021. The percentage of young Kiwis who have missed payments on their debt has risen between June and October, figures from credit bureau Centrix show. Read More While those on a mortgage deferral are set to face a crunch point in March when the scheme ends at the same time of year when many Kiwis are still trying to get over Christmas and back to school spending...