Tuesday, Jun 02, 2009
Now there's a jump in Prime Mortgage Arrears
FT.COM: Jump in prime mortgage arrears
The proportion of prime UK residential mortgages that are three months or more in arrears has more than doubled in the past year, according to new data. The rise is significant because it shows that the economic downturn is now starting to push up mortgage arrears among mainstream borrowers – as opposed to riskier subprime customers with patchy credit histories.
Posted by jj @ 11:43 AM (161 views) Add Comment
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