AUSTRALIAN residential mortgage delinquency rates increased in the June quarter, and financial services giant Moody’s is forecasting this will...

The latest data for residential mortgage-backed securities (RMBS) that Moody’s Investors Service rates shows that the share of prime quality home loans that...

The delinquency rate for non-conforming mortgages – which are loans to borrowers with adverse credit histories or where lenders use truncated means to...

Delinquency rates remain below the peak of 1.76% for prime mortgages and 4.80% for non-conforming home loans during the COVID-19 pandemic...

“We expect delinquency rates will continue to rise over the rest of 2023. While the Reserve Bank of Australia (RBA) has paused its cycle of interest rates rises...

In the first board meeting under new governor Michele Bullock, the RBA this week decided to keep interest rates on hold for a fourth consecutive month, at...

Chen and Au said that inflation, while easing from recent peaks, at 5.2% remains well above the RBA’s target range of 2% to 3%, “which means borrowers have to...

The combination of high interest rates and inflation has materially reduced Australia’s household savings ratio to 3.2% – the lowest level since 2008...

“Furthermore, the fixed-rate period for a considerable number of mortgages is set to end towards year-end. This means that many homeowners will transition to...

They noted that a large share of the outstanding RMBS Moody’s rates are by non-bank lenders, which typically have a higher proportion of variable-rate mortgages than...

“Consequently, the share of fixed-rate mortgages in the pool of loans backing outstanding RMBS we rate is lower than the mortgage sector overall,” they said...

“We expect mortgage delinquencies will only rise moderately, because Australia’s low unemployment rate (3.7% in August) and recovering housing prices will...