- Home loan arrears worsened in May 2012 compared with the previous month, but are better than in May 2011, data released yesterday by Moody’s shows. Arrears of 90 days or more on prime home loans increased to 0.62 per cent in May, from 0.55 per cent in April, but fell from 0.69 per cent a year before. Arrears of 90 days or more on non-conforming home loans increased to 5.80 per cent in May, from 5.08 per cent in April, but fell from 6.26 per cent the previous year.
- A mild rise in the rate of growth of the supply of credit to businesses over recent months warranted a...
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