the new jobseeker payment should be sufficient to cover mortgage for their demographic of loans. Don’t expect higher default rate on their loans. Issue is they won’t have new loans coming in at the moment because banks aren’t expecting borrowers to make any payments so it is impossible for clients to default at the moment.
given the counterintuitive nature of impact on their business, I’d imagine revising guidance is crazy. Perhaps a withdrawal or maybe a bit down but not much and I imagine it could be avoided by deferring or not passing o. Any interest rate cuts
FSA Price at posting:
85.5¢ Sentiment: None Disclosure: Held
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