Moody’s: Mortgage delinquencies head for GFC highs

Via Moody’s

Summary

» The 30+ days delinquency rate for prime Australian residential mortgage-backed securities (RMBS) increased to 1.79% in March 2020 from 1.55% in December 2019 and 1.57% in March 2019.
» Delinquencies will continue to increase in 2020 because of the economic disruptions caused by the coronavirus outbreak.

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