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)
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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.

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  • 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!!!

    Wadisgod.

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