Thursday, May 18, 2006

Nationwide, lending down 42%

Firstrung: Nationwide sees profits rise but lending fall sharply

Surprised this hasn`t caused more of a reaction in the media, or on the HPC forum. This decision, to scale back lending, was taken some time ago, what do they know that the rest of us are guessing at??

Nationwide, the country's biggest customer-owned lender and the fourth biggest mortgage provider, said its net mortgage lending in its last financial year fell to 6.3 billion pounds, down 42 percent from 10.9 billion a year earlier.

Posted by Converted Lurker @ 08:24 PM (2968 views)
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