Non-conforming delinquencies still rising

Australia’s non-conforming delinquency levels are expected to remain high in the near term as sluggish property market conditions persist and non-conforming borrowers face a high level of mortgage stress compared to prime borrowers according to Moody’s Investors Service.

In Q3 2008, average RMBS non-conforming delinquencies greater than 90 days past due reached another new record high of 8.91 per cent in July.

Written by Staff Reporter

Last Updated: 09 March 2022

Published: 27 November 2008