
TMM - News
Mortgage arrears rising quickly – RBNZ

Tuesday 4th of July 2023
Although starting from a low base, non-performing housing loans have risen 45.5% since the start of this year. They have risen by $131 million to reach $1.236 billion.
At the end of last month the total outstanding stock of bank mortgages was just over $343 billion.
The RBNZ data show the non-performing loans make up 0.4% of the total bank mortgage stock - but that's u...
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