Prime RMBS arrears up 12bps

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.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 09 February 2009