Speech Mortgage Arrears, Guy Debelle * Deputy Governor

Speech Mortgage Arrears, Guy Debelle * Deputy Governor

Remarks at FINSIA Signature Event: The Regulators
Sydney – 15 November 2019

Today i will speak about home loan arrears. Arrears are a significant indicator associated with economic health of households and so have implications for the evaluation of current economic climates while the financial perspective. They clearly will also be a important indicator of this economic wellness of those writing mortgages, be it banking institutions or non-banks. I shall draw on product posted within the Financial Stability Review and a speech given by my colleague Jonathan Kearns october. 1

The mortgage arrears rate, at 1, is low by both historic and standards that are international. Arrears in america peaked at around 10 into the crisis that is financial. Non-performing loans presently pose little danger into the wellness of finance institutions. This isn’t astonishing in a host where in actuality the jobless rate is low and rates of interest are declining. Continue reading “Speech Mortgage Arrears, Guy Debelle * Deputy Governor”