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March 08: Lenders warned of 'bleak' outlook

by Staff Reporter•Monday, 17 Mar 2008•7 minute read

The JP Morgan and Fujitsu Consulting monthly consumer survey has found that around 300,000 Australian households are suffering from severe levels of mortgage stress.

In an interview with Mortgage Business, Fujitsu Consulting’s Martin North predicted a grim outlook for sufferers of severe mortgage stress – those needing to refinance or sell their homes.

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