❓ The parliamentary question seeks data on Keystart mortgage foreclosures and modification requests, aiming to understand the impact of financial hardship on Keystart clients. The answer only provides foreclosure data for part of a financial year, citing resource constraints for broader data.
AnsweredQoN 2242Legislative Assembly
QuestionView source ↗
(1) For each of the past five financial years, has any Keystart client had a mortgage foreclosed, resulting in the loss of the client’s home, as a consequence of defaulting on loan repayments; and
(a) if yes, how many Keystart loans have been foreclosed for each of the past five financial years?
(2) Have any Keystart loans been foreclosed between 1 July 2009 and 23 February 2010; and
(a) if so, how many?
(3) Does Keystart retain information regarding the number of requests for modifications to mortgage repayments due to clients’ changing financial circumstances?
(4) If yes to (3), how many requests were received for mortgage modifications for each of the past five financial years?
(5) If yes to (3), how many requests were received for mortgage modifications between 1 July 2009 and 23 February 2010?
(a) if yes, how many Keystart loans have been foreclosed for each of the past five financial years?
(2) Have any Keystart loans been foreclosed between 1 July 2009 and 23 February 2010; and
(a) if so, how many?
(3) Does Keystart retain information regarding the number of requests for modifications to mortgage repayments due to clients’ changing financial circumstances?
(4) If yes to (3), how many requests were received for mortgage modifications for each of the past five financial years?
(5) If yes to (3), how many requests were received for mortgage modifications between 1 July 2009 and 23 February 2010?
AnswerView source ↗
Answered
20 April 2010
Responded by
Minister for Housing and Works
Response time
55 days
(a) Between 01 July 2009 and 23 February 2010 six loans have been foreclosed. (3)-(5) The scope of the information sought is both very broad and non specific and would require a significant allocation of resources. Should the member have a more specific enquiry, Keystart may be able to provide the information. Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
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