Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank warning more people will default on their mortgage payments
The Reserve Bank warns that mortgage stress is set to increase, with more households expected to default on payments.
The banking regulator forecasts the portion of banks’ housing lending deemed “non-performing” will almost double by early 2025.
NZ Herald Wellington business editor Jenee Tibshraeny says portions are predicted to increase- but it won't reach the figures from the 2009 Global Financial Crisis.
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