Rat and Mouse
Fri
03
Aug
Repo news

It's the story leading on BBC TV news... CML figures show repossessions in the first six months of 2007 up by 30% on the same time last year. But the reality is more complex. The CML has changed the way it counts repossessions, taking greater account of sub-prime lenders... which, I guess, tallies with the other figure, that the number of mortgages in arrears has dropped by 3% across the same period. More here.

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