Non-bank reports improving figures (MPA Australia)

12 November 2020

The latest figures from Firstmac’s $12.2 billion loan book reveal a rosier picture of the pandemic’s impact on mortgages, with the number of Australians on COVID-19 hardship arrangements dropping across the country.

The non-bank lender reported that home loans subject to repayment freezes or reduced payments fell to 3.12% in October, down from 3.79% in September and a mid-June peak of 5.71%.

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