Tuesday, Apr 17, 2007
More Mortgage Problems in the US
Reuters: Experian sees subprime challenge continuing in H1
LONDON, April 17 (Reuters) - Credit information firm Experian (EXPN.L: Quote, Profile , Research) expects a "very challenging" environment for its LowerMyBills unit in the first half of this financial year, hit by ongoing turmoil in the U.S. subprime mortgage market.
In the third quarter, LowerMyBills, a part of its Americas business which gives advice on mortgages, loans, debt consolidation and debt relief, saw flat sales, but it saw an 8 percent drop in the fourth quarter.
Posted by cash_buyer @ 09:07 AM (143 views) Add Comment
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