Mortgagee sales listings jump back near record levels

Mortgagee listings on trademe.co.nz and realestate.co.nz jumped almost 25% to a near record 507 in the last week as lenders and home owners started the new year with a vengeance. This is the highest number of listings since 509 on November 17. The percentage of mortgagee listings to total listings rose to 0.47% from 0.37% last week and is at a record high. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.