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1.Market Observations, 8.Was Sticky

13 Sept 2016 (AFR) – Problem loans (home loan defaults) tick higher

(13 September 2016, AFR, p6, by Michael Bleby)

‘Mortgage defaults are rising and loans to property investors in NSW are also taking a bigger share of the lending pie. While the increases are not yet large enough to cause problems, they will have both the Reserve Bank of Australia and banking regulator APRA watching closely to ensure they remain under control. A Moody’s Investors Service analysis of prime residential mortgage-backed securities showed loans 30 days or more in arrears rose in the June quarter to…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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