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From Standard and Poors:
MELBOURNE (S&P Global Ratings) Dec. 18, 2017 — Delinquent housing loans underlying Australian prime residential mortgage-backed securities (RMBS) fell to 1.04% in October from 1.08% in September, according to a recent report by S&P Global Ratings. We attribute part of the decline to a rise in outstanding loan balances during the month.
The report, titled “RMBS Arrears Statistics: Australia,” says mortgage arrears have averaged 1.25% for the past decade, and 1.13% for October. Mortgages more than 90 days past due improved the most in October.
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