Sunday, March 25, 2007

Subprime lender points to differences between US and UK

15-Mar: Kensington sees strong demand

One-step-from-the-grave Kensington bullish outlook of just 2 weeks ago: "The UK market is fundamentally different to that in the U.S., with stringent regulation and high levels of checks."

Posted by confused76 @ 01:55 PM (514 views)
Please complete the required fields.

2 thoughts on “Subprime lender points to differences between US and UK

  • What happens to the price of mortgage bonds (even non-sub-prime ones) when the value the collateral (i.e. ouses) backing them drops? I wouldn’t like to be holding mortgage bonds in my portfolio.

    Please complete the required fields.

  • A developer I know told me he sold a house to a 63yr old unemployed man. This chap had obtained a 100% mortgage for £430,000 from Kensington. He must have gone through stringent tests before the loan was approved!!!

    Wait for the fan to start, it’s sure going to make a mess!!!


    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>