Non-banks have highest mortgage arrears: Moody's

Non-bank lenders have the highest mortgage arrears rates compared with their deposit-taking banking rivals, Moody's mortgage delinquency figures show.

The graph below represents 30 days plus mortgage delinquency rates for major bank, regional bank, other banks (credit unions, building societies) and non-authorised deposit taking institutions (non-banks) based on securitised lending only.

It shows the wide gap between non-bank lenders and banks, though mortgage arrears rates are rising across all lender types, in line with a small overall rise in mortgage delinquencies in March to 1.66%.

Click to enlarge

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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