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.

Arrears continue to climb

Staff Reporter 1 minute read

Arrears on prime Australian securitised mortgages inched up in January to 1.84 per cent, according to the latest data from Standard & Poor’s.

According to the report arrears increased by 0.08 per cent compared to December with around $940 million of all reported prime loans now in arrears of more than 90 days. Around two-thirds of those are low-doc loans.

Vera Chaplin, Standard & Poor’s credit analyst, said potentially rising unemployment could see arrears continue to arise over the year.


Arrears continue to climb
default
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

default

 

more from the adviser
ASIC TA ASIC levy reflects ramped up enforcement: FBAA

ASIC’s raised industry funding levies reflect higher enforcemen...

money piggy 2ad3 Lockdowns threaten business loan demand: Equifax

Construction and retail trade have fuelled business loan growth i...

mortgage money house 48% of home loan applicants frustrated by paperwork

The majority of Australian borrowers think applying for a home lo...