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Westpac profit flatlines as 90+ day mortgage arrears surge

February 18, 2019 - 11:02 -- Admin

By Leith van Onselen Westpac has announced its Q1 trading update, which revealed a flat profit result: Westpac also posted a slight uptick in mortgage delinquencies: However, 90+ day delinquencies rose sharply, driven by WA: Whereas the share of interest-only mortgages fell sharply to 32% from 46% in September 2017:  

The post Westpac profit flatlines as 90+ day mortgage arrears surge appeared first on MacroBusiness.

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