No crisis in the adverse lending sector

Culhane, Mike
November 2006
Mortgage Strategy;11/27/2006, p43
Trade Publication
The article comments on the issue of debt crisis in Great Britain, which is expected to have a negative impact on the mortgage market. The issue covers unsecured debt, such as credit cards and not mortgage debt. In the mortgage industry, lenders are cautious on the companies they lend, while they have precise credit scoring and affordability criteria that ensure the suitability of borrowers to afford the repayments. However, debt issues are good news for adverse lending sector in many aspects.


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