UBS: Bank’s LIAR loans come home to roost

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Via the excellent Jonathon Mott at UBS:

Sixth Vintage of the Australian Mortgage survey – focused on deferred loans

From late July until Sept, UBS Evidence Lab anonymously surveyed 904 Australians who took out a mortgage over the last 12 months. The 2020 vintage is the sixth edition of this survey. This report focuses on the prospects of deferred mortgage books.

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About the author
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.