Tuesday, August 14, 2007

40% drop in Sub Prime

40% drop in Sub Prime

Edeus chief executive Michael Bolton has predicted a 40% drop in sub-prime volumes across the board over the next 12 months and thinks there could be even worse to come. Mortgages PLC - which is wholly owned by Merrill Lynch - also confirmed today that within the next seven days its fixed rates will increase by a minimum of 0.75%, with some higher risk products increasing by greater than 1%.

Posted by moley20 @ 05:46 PM (449 views)
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