Saturday, Aug 25, 2007
Pressure on prices
reuters: Rates on the rise for subprime mortgage borrowers
UK subprime mortgage borrowers are facing a sharp rise in rates as credit market turbulence adds to pressure on funding costs, lenders and brokers said on Friday, reviving fears of increased arrears and repossessions.
Combine this with reported central london property decline - (lead article on ft.com today:
http://www.ft.com/cms/s/0/54dc1886-5282-11dc-a7ab-0000779fd2ac.html) and what do we get...
Posted by mken @ 09:04 AM (194 views) Add Comment
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