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Crosby predicts zero net new mortgage lending in 2009 Crosby predicts zero net new mortgage lending in 2009
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Old 11-25-2008, 02:30 PM
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Post Crosby predicts zero net new mortgage lending in 2009
The Crosby Report predicts that net new mortgage lending will fall below zero in 2009, from the £40bn that will have been lent during 2008. In 2007, the lending figure was £108bn. Sir James Crosby, who prepared his report at the request of the government, said that the majority of lenders have committed to reducing lending [...]

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