Saturday, March 29, 2008

The Devil is in the Detail as Northern Rock publishes its 2007 results

Northern Rock profits dive after huge writedown

Some interesting snippets in this article including the fact that mortgage arrears in the bank’s mortgage book climbed almost 20% between January and February.

Posted by enuii @ 11:30 PM (633 views)
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One thought on “The Devil is in the Detail as Northern Rock publishes its 2007 results

  • Mortgage arrears climbed just after The Crock was bought? Do you think that might be because before then they were misclassifying arrears as “payment holidays”?

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