
Mortgage News
Low rates 'hiding mortgage stress'
Thursday 28th of February 2013
KPMG partner John Kensington, editor of the accounting firm’s Financial Institutions Performance Survey (FIPS), said that despite falling over the past couple of years, impaired and past due assets were still well above pre-global financial crisis levels.
But he said low interest rates meant banks were managing to prevent these troubles spilling over into a flood of mortgagee s...
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