Mortgage market responds to squeeze

February 2008
Credit Management;Feb2008, p9
Trade Publication
The article focuses on the reaction of the mortgage market in the current credit market conditions in Great Britain. According to the author, the mortgage market is still resilient to the crisis in the credit market in November 2007. The author adds that the income multiples has went down again, and further rate reduction is expected in early 2008. Furthermore, Michael Coogan, CML director general, states that despite the doubts in the global market and the funding controls, business levels in the mortgage market in Great Britain are surviving.


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