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2007 repossessions lower than expectations 2007 repossessions lower than expectations

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Old 11-02-2008, 12:34 PM
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Join Date: Sep 2007
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Post 2007 repossessions lower than expectations
During 2007, repossessions soared by over 20% to hit an 8-year high but this figure was considerably lower than the one forecast by the Council of Mortgage Lenders (CML). Fewer than one in 400 mortgages resulted in repossession last year, according to CML figures. The repossession rate stood at 0.23% for the whole of last [...]

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