TITLE

Time to face up to repossession crisis

PUB. DATE
August 2007
SOURCE
Mortgage Strategy;8/13/2007, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article analyzes the implications of the repossession crisis in the mortgage industry in Great Britain. Rising repossessions threaten families into financial difficulties. This creates the need for the industry to regulate people from borrowing more than they can afford. The sub-prime market, in particular, stimulates the negative situation. However, this can be prevented if only lenders will lend responsibly.
ACCESSION #
26272661

 

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