Repayments deferred on 1-in-14 home loans, industry figures show

  • 📰 SBSNews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 89%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Repayments on 429,000 home loans have been deferred by the banks to assist households through the economic impact of the coronavirus pandemic.

Repayments on one-in-14 mortgages have been deferred for six months to assist households during the COVID-19 pandemic.

That brings the total number of deferred mortgages on the books of banks to 703,000, worth $211 billion. Banks have also hired 1,500 new staff while redeploying over 2,200 employees to frontline areas such as call centres to help meet the historic surge in demand for support over the last few months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

the world have not had a worldwar nor a global smoke and mirror health scare for almost a century its not capitalism without a capital involve to push out the certainty of a banker enslave civilization for at least another century its heaps better than copping a worldwar

I think you'll find, it's the 'economic impact' of a tyrannical, authoritarian government who decided to lock the workers of Australia under house-arrest, and print the AU$ into literal oblivion, not some boogeyman 'virus' with a 98% recovery rate. Scamdemic Plandemic

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus has hit Australia's job market harder than unemployment figures suggest - ABC NewsThe surprisingly small rise in the unemployment rate has obscured the reality of what's actually happening on the ground — this is why. Create a new statistical analysis for the real unemployment rate then. Is a free for all anyway Corona hasn't hit it, SHUTTING THE ECONOMY is what's done it. Now, will we ever know if that was necessary? My money is on it wasn't. You're starting to get it. Now, consider the implications for the Jobseeker support system & the 3rd party contractors that administer it, when unemployment figures are equally improved if a jobseeker finds a job (difficult) or is trapped into non-compliance.
Source: abcnews - 🏆 5. / 83 Read more »