Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Prime RMBS arrears up 12bps

Staff Reporter 1 minute read

Arrears on residential loans underlying Australian prime RMBS mortgages jumped 12 basis points to 1.70 per cent in November 2008 from 1.58 per cent in October 2008, Standard & Poor’s have revealed.

It appears, the ratings company said, that the latest RMBS arrears statistics have yet to show any real effect of the 2 per cent cut in the RBA official cash rate to the end of November 2008.

More than $842 million of all prime loans were in arrears greater than 90 days, Standard & Poor’s said. Of this figure, one third were classed as low doc loans.

COMMENT HERE

 

Prime RMBS arrears up 12bps
default
TheAdviser logo
default

 

more from the adviser
regulation rules AFCA amends complaints rules following court case

The financial services ombudsman has changed its rules after the ...

meeting top view ta 62c1 Half of home owners wary of bank refinance advice

One in two borrowers does not believe banks always have their bes...

house sold Hot Property: The biggest property headlines from the week 18-22 January

Here’s the weekly round-up of the biggest news stories from acr...

FROM THE WEB