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“Early on in the pandemic, obviously there was a lot of panic around people’s job security … and at that time banks did put automatic deferrals on loans,” she told Sky News. “They were running through them pretty quickly, offering them pretty easily”. Loan deferrals peaked in May last year amid Australia's nationwide lockdown - with almost 490,000 mortgages left unpaid, worth $192 billion.
Source: News Formal (newsformal.com)
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