Macquarie mortgage delinquencies surge to 4% of securitised loan book: Moody's

Macquarie Group, which has one of the fastest growing home loan books and a wholesale funding deal with Yellow Brick Road, has a 4% delinquency rate on home loans securitised through its PUMA program, according to Moody's.

This is more than double the overall mortgage arrears rate of 1.66% for borrowers more than 30 days behind on mortgage repayments.

The chart below shows Macquarie's delinquency rate has been rising since around September 2011.

Arrears rates are modest by comparison at AMP, HSBC, ING and other banks.