NOT only is mortgage stress on the rise, but up to one in five stressed households will lose their homes, according to analysis of mortgage stress data. As well, borrowers who refinance are more than twice as likely to ultimately lose their houses.
The findings are contained in Anatomy Of Australian Mortgage Stress, a report to be released on Thursday by Fujitsu Consulting.
» Homes at risk as stress takes toll – The Sydney Morning Herald, April 22nd 2008.