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S&P Reports Increase In Mortgage Arrears At End Of 2022

AUSTRALIA

S&P is reporting that arrears rose more than usual in December 2022. It noted that for prime mortgages arrears were higher in the early stages of 31-60 days, whereas non-conforming loans were higher across all time categories. Non-conforming loan arrears had begun to rise in July 2022 and have been shifting to more advanced stages since then. (The Australian)

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