The performance of Australian prime residential mortgage-backed securities (RMBS) deteriorated over the three months ended 31 December 2017 (Q4 2017).
Specifically, the 30+ day delinquency rate for prime RMBS increased slightly to 1.51% at 31 December 2017 from 1.50% at 30 September 2017 and 31 December 2016 respectively.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
