Australian Prime RMBS Delinquencies Increase in Q2 2016
The 30+ day delinquency rate for Australian prime residential mortgage-backed securities (RMBS) rose to 1.53% in the quarter ended 30 June 2016 (Q2 2016), from 1.50% at 31 March 2016.
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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.
