Home loan arrears highest in years, but no worries, says RBA

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Using the Securitisation Dataset we can assess how loans are performing across different parts of the country by examining arrears rates. Like non-performing loans, the arrears rates have increased a little but remain low. Arrears have risen more in regions experiencing weak economic conditions over recent years.

Whenever a borrower misses a payment on a loan, or does not make their required payment in full, they fall into arrears. Given the importance of housing mortgage debt to both household and financial institution balance sheets, the share of housing loans that are in arrears is a crucial indicator of household financial distress and of potential future losses to lenders.

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The banks will take action when they can see that there have been constant arrears on your home loan. high lvr over 80% – generally 2 missed payments. Low LVR under 80% – generally 3 or more missed payments. In this situation, the banks will tend to work with you rather than possess your home.

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Mortgage stress highest in eighteen years.. australian prime home-loan arrears.. Suffer to them I say. Afew decades ago I was in the mortgage lending game and applicants would complain to.