- New Zealand homeowners with loans worth more than $3 billion have fallen behind on their mortgage payments.
The banks report the amount of home lending that is “past due” and impaired in their regular disclosure statements.
The big four banks had a total of $3.1 billion in past-due loans on their books in their most recent statements. These are loans that have not yet been classed as “impaired assets” by the banks – they still think they can expect to see repayments eventually.
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