ANOTHER 72,000 households joined the ranks of the mortgage-stressed last month as family wealth plummeted over the three months to March — the largest quarterly decline on record.
The number of households struggling to meet mortgage repayments jumped 15% to 784,000 in May and is likely to reach 923,000 by September, Martin North, head of Fujitsu Consulting, predicted.
» 900,000 households face mortgage stress – The Age, 29th June 2008.