Missed payments on the increase

Le Gouais, Marcel
May 2008
Mortgage Strategy;5/19/2008, p11
Trade Publication
The article reports on the increase of missing mortgage repayments from borrowers of LeadPoint Inc. in Great Britain. The company found out that a small but significant increase of missing payments from consumers were present in March and April 2008. LeadPoint managing director, Nick Chapman, confirms that broker can only choose to buy prime leads because borrowers who missed the payment became the sub-prime leads.


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