15-Month High for U.K. Loan Approvals

September 2009
American Banker;9/2/2009, Vol. 174 Issue 166, p11
Trade Publication
This article reports that mortgage loan approvals in Great Britain reached their highest total in the last 15 months during July 2009. Other data show that house prices are beginning to rise and banks are more willing to lend. Some believe that the positive information indicates that the housing slump is lessening and the recession may be nearing its end.


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