Fitch: Mortgage arrears stable

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PC_wide_5Mar-arrears

Fitch has released its quarterly Dinkum Index and RMBS mortgage arrears are up slightly with 30 days arrears up 2 bps at the end of 2013.

30-59 and 60-89 days arrears rose by 1bps and 2bps respectively, 90+ days arrears improved by 1bps.

1.21% of total loans are behind on repayment.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.