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Mortgage arrears ease - From "The Adviser" Newsletter 17/11/11

By: L J Hooker Lismore, Posted: 23/11/2011

Mortgage arrears continue to fall as the Australian economy goes from strength to strength.

According to the latest arrears report from Standard & Poor’s, loans underlying Australian prime residential mortgage-backed securities (RMBS) that are greater than 30 days in arrears fell to 1.69 per cent in June 2011 from 1.81 per cent in March.

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