Mortgage arrears and possessions [electronic resource]
Language: English Series: CML Market Commentary ; 22 June 2009Publication details: 2009Subject(s): Online resources: Summary: Suggests that fewer borrowers will experience problems with their mortgage payments this year, due to the reductions in interest rates. However, argues that the poor outlook for the jobs market will mean that arrears will still rise. Also reports that there are continuing problems for lenders in increasing the supply of mortgage credit and this, together with the continuing weak economic situation, will mean that activity in the housing market remains low.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | L147954 |
Suggests that fewer borrowers will experience problems with their mortgage payments this year, due to the reductions in interest rates. However, argues that the poor outlook for the jobs market will mean that arrears will still rise. Also reports that there are continuing problems for lenders in increasing the supply of mortgage credit and this, together with the continuing weak economic situation, will mean that activity in the housing market remains low.