The trends were mostly the same as before in home loan arrears for the month of May 2008, according to data published yesterday by Standard & Poor's.Arrears rose, by just one basis point, to 1.49 per cent, with arrears defined as loans 30 days or more past due.More than fourteen per cent of borrowers who have non-conforming loans are in arrears, a percentage that has stabilised over the last quarter.Non-bank originators have the highest level of arrears among prime loan pools, and at 2.28 per cent are pushing four times the level of arrears among credit unions and building societies.The arrears trends are worst among low doc loan pools (at 2.86 per cent, twice the level of full doc).The fastest growing level of arrears are those of regional banks: Bank of Queensland, Bendigo and Adelaide Bank and Suncorp. Arrears for regional banks increased by 50 basis points to 1.40 per cent over the five months to May 2008. The home loan pool covered by S&P in this monthly report, at $133 billion, is around $20 billion less than the loan pool a year earlier. This pool thus represents 14 per cent of the mortgage market, down from 19 per cent a year ago.