Thursday, Jan 15, 2009
Mortgage securitization is a failure so what are they expecting to happen?
TimesOnline: Mortgage lending dives 60% to record low
The lack of mortgage funding is dragging down house prices as sellers are forced to slash their prices to attract a dwindling number of buyers.
Posted by v stor @ 05:52 PM (247 views) Add Comment
2 Comments
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1. paul said...
Yes again, property vested interests focus on mortgage supply to the complete exclusion of affordability issues.
They must be getting very tired of this charade by now, and quite angry too I imagine.
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