CML ready to reduce repo forecast for year

Jones, Lee
May 2009
Money Marketing;5/21/2009, p10
The article reports on the possible low repossession rates under the Council of Mortgage Lenders (CML) in Great Britain in 2009. CML sees better potential for lesser repossessions which are contradictory to its assumed 75,000. The council sees lower repossessions but it will still pose threat on the mortgage industry especially among homeowners.


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