Home loan arrears on the rise, particularly in WA and the NT

Arrears remain highest in the Northern Territory (3.16 per cent), followed by. Reflecting on the national rise in mortgage arrears, S&P noted that in. Western Australia and South Australia, particularly in regional areas.”.

Mortgage arrears declined. interest-only home loans may not realise that is what they have been sold. A survey by the UBS economics team recently found around a third of borrowers with IO loans.

While the rise of Amazon. the result of bad loans, deception, illegal racial bias and all-around recklessness. JPMorgan Chase, which took over the assets of Seattle-based banking and home-loan.

3 days ago. Western Australia has overtaken the Northern Territory to take the. WA worst for falling behind on mortgage payments. Despite a small improvement in May, arrears continued to rise in WA, increasing to 3.05 per cent from 3.

At the end of the fourth quarter, consumer debt totaled $11.8 trillion, up $117 billion. One area getting particularly worse is student loans. According to a report today from the New York Fed,

Adam Hughes never imagined buying a modest family home in Perth’s outer suburbs would lead him into. their property is worth The highest rates of negative equity are in WA, the NT and Queensland.

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The bank is trying to head off a potential backlash from mortgage brokers, borrowers and financiers who fear the deep diving into borrowers’ applications will slow loan processing, particularly.

Western Australia, South Australia and the Northern Territory (Exhibit 1).. RMBS – Australia: Mortgage Delinquency Map: home loan arrears rising.. australia's economic growth, particularly in resource-reliant states such.

As Australia’s levels of household debt relative to disposable income hit historic highs, experts are warning of a perfect financial storm on the horizon for struggling home owners. Homeowners,

As the government explores ways to improve housing affordability following heady price increases, Moody’s today revealed delinquency rates for “prime” residential mortgage-backed securities would.

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“The share of banks' housing loans in arrears is now back around the. increased and income growth slowed in Western Australia and parts of.

The number of mortgages in arrears is rising across the country, but the problem is worst in Western Australia and the Northern Territory.