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1.Market Observations, 8.Was Sticky

21 Dec 2016 (AFR) – Aussie home loan arrears pick up

(21 December 2016, AFR, p19, by James Frost)

‘Credit ratings agency Standard & Poors has expressed concern about an upward drift in the number of mortgage arrears, foreshadowing further deterioration in the months and years ahead. Standard & Poors’ monthly measure of Australian home loan delinquencies has drifted up in October for the second consecutive month, bucking the usual trend of falling arrears between April and November.’

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

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