TITLE

Missed payments on the increase

AUTHOR(S)
Le Gouais, Marcel
PUB. DATE
May 2008
SOURCE
Mortgage Strategy;5/19/2008, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
32193519

 

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