South africa mortgages
South africa mortgages. FSC loans have a higher default rate than non FSC loans prior to 2010; with a difference of up to two percentage points visible during some intervals. Thereafter FSC loans track the rest of the market closely. Affordable Market mortgage loans granted between 2009 and 2011 performed significantly better than the FSC loans granted between 2004 and 2008.
Once again there is a difference in performance between the Affordable Market loans and the rest of the market, with this difference becoming more significant over time. Both tranches of loans were granted as fairly dramatic developments played out in the broader economy. In 2006 the interest rate cycle turned.
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Retrieved 7 June 2021. Retrieved 20 September 2014. Retrieved 16 January 2020.
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