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Clarification on mortgage arrears

The estimates by Fitch Ratings of the level of home loans 90 days or more in arrears in Australia are in line with those of the Reserve Bank of Australia. Fitch's measure of arrears of this severity fell to 0.61 per cent at December 2011, from 0.67 per cent in June 2011, a trend consistent with data included by the Reserve Bank of Australia in its Financial Stability Review this week.

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