Tuesday, August 12, 2008
Darling wants FTBers to start borrowing right now
"Measures to revive the dormant housing market by increasing the supply of mortgage lending are being planned by ministers, The Times has learnt. Alistair Darling is poised to intervene to help banks and building societies to secure more finance to grant new mortgages. The likely move comes after the virtual drying-up last year of the mortgage-backed securities market, which had become a crucial source of mortgage lending."