Re: Defaults
Low-doc mortgage arrears top GFC peak
Chris Zappone
The Age May 26, 2011
?The increase in arrears for the most fragile band of mortgage borrowers, low-doc loans, with payment delays of 30 days or more hit 6.74 per cent in the first quarter, up from 5.7 per cent in the final quarter of 2010, a higher level than December 2008 quarter, when the financial crisis hit??
Read more: http://www.theage.com.au/business/lowdoc-mortgage-arrears-top-gfc-peak-20110525-1f3v7.html#ixzz1OfyXpw1c
what they dont say, page-57
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