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Viewing entries tagged with 'homes'

Mortgage arrears down but still billions in problem loans

19 August 2016

New Zealand homeowners with loans worth more than $3 billion have fallen behind on their mortgage payments.The big four banks had a total of $3.1 billion in past-due loans on their books in their most recent statements. These are loans that have not yet been classed as "impaired assets" by the banks - they still think they can expect to see repayments eventually.