Via S&P:
Australian home loan arrears fell in April. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages decreased to 1.36% in April from 1.37% in March, according to a recent report by S&P Global Ratings.
The SPIN for nonconforming mortgages fell to a record low for April of 3.86% from 4.19% the previous month, according to the report, titled “RMBS Arrears Statistics: Australia.” Mortgage arrears remained relatively unchanged year on year in April.