Tuesday, September 25, 2007

50% fall in mortgage volume on the cards

Mortgage volumes could fall by 50% - Advantage

Advantage, a mortgage lender owned by US investment bank Morgan Stanley, has warned mortgage packagers that the credit crunch could see their business volumes reduce by 50% unless they re-evaluate their business models...

Posted by converted lurker @ 07:44 PM (782 views)
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3 thoughts on “50% fall in mortgage volume on the cards

  • The articles of crash/no crash have replaced the articles about sealed bids and brown envelopes. Says it all really.

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  • As my mate said to me the other day..”a lot of things are happening, its just not the sort of time folk rock up to the EA and see what’s on offer”.

    I’m feeling that after about 8 years of turbulent buying and selling, people are hanging out and waiting to see what will happen next. It’s just not the time to have someone in your housing chain drop out!

    Sellers are reluctant to drop prices, FTBs can’t afford the first flat, Building Societies want to hang on to money to boost their cash balances and the weather has started to get colder.

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  • planning4acrash says:

    Sellers are always reluctant to drop prices!!

    Drove through Hackney today, tons and tons of for sale signs!!

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