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RBA data, most likely, but as I have mentioned before, it is bank data which can be made to look better if you put in enough effort and all the banks do. You'd be surprised at how flexible Certain Banks are in offering deals to square up arrears in the 60 days leading up to their reporting...

Don't know if I'd trust them...they haven't posted the original document ;) http://www.mortgagebusiness.com.au/index.php?option=com_content&task=view&id=1478&Itemid=37 Delinquencies tipped to fall Friday, 12 December 2008 Prime RMBS delinquencies remained high but steady in the...

Say, perhaps not... infer...well I'll leave that for others to judge: And by the way, what is it about Terms of Use that you don't understand?

1) residential mortgage backed securites. at a really high level it is essentially the end result of selling a package of loans to another party thereby freeing up capital. it's more complex than that, but it's the basic idea 2) % of the population of all rmbs loans that are > 90 days in...

OK Shad, you're getting there. I assume you accept that an organisation called Moody's does in fact issue quarterly reports on Australian RMBS. You have correctly noted that the publication referred to above is their review of non-conforming RMBS as at Q3 '08 Do you still contend I am...

SM I am not and did not (but you know that). I am simply saying that banks can and do manipulate their data to massage their arrears numbers in ways that cannot be achieved once deals are termed out. It's a fact. Get over it. Being internally dishonest it one thing, but you should try...

I'm the token funder on the forum and run a mortgage business for a financial institution. Now, obviously, I don't have the extensive experience and inside knowledge of young Shadow, I just do it for a living:rolleyes: Frankly, it's got me stuffed why he's borrowing money from Westpac and...

Just noticed this bit....you suggesting I'm making it up Shad?:mad: Cheap thinking I get...but cheap shots. Not nice. As I pointed out, I can't find the document I have (Moody's Q3 2008 Oz RMBS Review) in the public domain and therefore won't post it here as it's a paid service. Feel...

SM *pats Shadow on head* ...and the RBA obtains the data via APRA from *drum roll* the banks! *pinches Shadow on the cheek* To your second point my cherub - and I'm being gentle here - if you had additional repayments or were allowed to skip payments due to having an undrawn limit...

Shadow, me old son. My figures are RMBS at September '08 and from our friends at Moodys ( '07 is a different world...remember CBA and other coming out and saying the GCC won't effect them). Can't find it linked to a public site and posting it would be a breach of the terms of use of my account...

PDF too large for the 'ol forum to accept. Will see if I can find it on a public site somewhere and link

*wishes Witzl would look closer* Delinquency rates (> 30 days) as at Sept 08 for Australian issued RMBS was at a record high (1.47%) with Lo Doc sharply picking up to 3.90% (also a record) Expectations are that the rate of increase should have eased with the IR decreases since then...