RESIDENTIAL PROPERTY
RESIDENTIAL mortgage delinquency rates are set to grow throughout 2023 as mortgage holders capacity to repay debt continues to be eroded...
According to Moody’s, over December 2022 the 30+ days delinquency rate for residential mortgage-backed securities (RMBS) backed by...
While rising interest rates and high inflation are expected to continue weakening borrowers’ capacity to pay their mortgages throughout 2023...
The delinquency rate for RMBS backed by non-conforming and near prime mortgages increased by more than seen for prime RMBS...
Though the non-conforming delinquency rate still sat below its pandemic high of 4.80% in April 2020.
In spite of ongoing RBA rate rises, rising mortgage interest rates, the large level of fixed-rate mortgage expiries due and inflation at...
This is a result of their anticipating that labour market shortages will keep unemployment rates relatively low against the backdrop of a weakened economy.
With mortgage sector risks also expect to be mitigated by regulatory oversight, such as “the Australian Prudential Regulation Authority’s low tolerance for...
The borrowers thought to be most at risk are those who recently took out mortgages or those whose fixed-rate terms are set to expire this year.
Recent analysis by CoreLogic named the “fixed-rate cliff” as amongst the biggest risks to Australian housing market values and stability...
With current mortgage interest rates are already above the buffer rate that lenders used during the loan underwriting process for...
Delinquency rates have risen more significantly for prime RMBS issued in 2021 and 2022 than in mortgage taken out in earlier years.
With the the 30+ days delinquency rate for 2022 RMBS up to 1.26% in December 2022 from just 0.18% in April 2022.