TMM - News
Problem mortgage stockpile grows
Friday 2nd of May 2025
While the country’s mortgage stock rose by $1.9 billion in March, the number of problem mortgages also rose by $61 million to $2.4 billion and withdrawals from KiwiSaver on hardship grounds reached a record monthly high.
Of the total $368.5 billion in outstanding bank mortgages, non-performing housing loans increased in March to $2,412 million month-on-month and $648 million or 36...
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