In March, "non-conforming" mortgages (let's say subprime) 90-day arrears was 0.77%; In April, 1.07%, and now in May 1.69%. So, in two months, 90 day arrears as increased by 0.92%. Sure, the absolute rate is not high, but the rate of acceleration is noteworthy (2.2 times greater).
Over the same time period, prime mortgages 90-day arrears increased from 0.56% to 0.71%. Much smaller rate of increase, as one would expect.
In July 2019 (pre-covid), the prime 90-day arrears was 0.33% and subprime 0.51%.
As this fund reports stats on a monthly basis, it's a good one to follow for the monthly updates.
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Last
$2.06 |
Change
0.000(0.00%) |
Mkt cap ! $1.080B | |||
| Open | High | Low | Value | Volume |
| $2.07 | $2.08 | $2.06 | $1.947M | 942.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 142485 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 47660 | 6 |
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| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| GCI (ASX) Chart |