Oz Blog News Commentary

Mortgage arrears decline unseasonally

April 21, 2017 - 00:11 -- Admin

From S&P: The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities (RMBS) fell to 1.23% in February from 1.29% in January, according to a recent report by S&P Global Ratings. We normally expect arrears to increase month on month in February, reflecting the seasonal effects of Christmas spending and summer holidays. The

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