Monday, August 6, 2007

Prospects of More mortgage defaults

Recent evidence from the Council of mortgage lenders suggest that mortgage defaults in the UK have increased by 30% since this time last year. There have been 14,000 house repossessions in the first 6 months of the year. This is an average of 77 per day. The main reason for the growth in home repossessions [...]

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[Source: Mortgage Blog]

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