
Mortgage News
Loan arrears fall
Friday 2nd of February 2007
The improvement came at a time of higher financing costs for many homeowners after a period of rising interest rates. The statistics provide support for anecdotal information from some lenders indicating that borrowers have been coping well with higher mortgage costs.
Arrears on loans underlying prime residential mortgage-backed securities (RMBS) fell to 2.19% in November, as measured by the...
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