Relevant:
- Australia's Mortgage Arrears to Rise on Higher Interest Rates, Fitch Says
- Australian Banks, Mortgage Insurers Would Weather Housing Drop, Fitch Says
- Australian Home Loan Delinquencies Jump to Record Last Quarter, Fitch Says
- Housing market for stress test
- Australian Home-Loans Unexpectedly Stagnate on Fewer Investment Properties
2012-03-27 — bloomberg.com
Australian home loan delinquencies rose unexpectedly as a stalling housing market kept a lid on financing options for homeowners, Fitch Ratings said.
Mortgage payments overdue by more than 30 days rose to 1.57 percent of the value of loans in the three months ended Dec. 31, from 1.52 percent in the third quarter, according to the London- based ratings firm's Australian residential mortgage performance index.
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