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Specialist borrower defaults spike
- May 28, 2010
- Posted by: admin
- Category: Finance News
No CommentsMortgage delinquencies are on the rise, suggesting a growing number of home owners are finding themselves in mortgage stress. According to a recent report by Moody’s Investors Services, 13 per cent of non-conforming borrowers are in arrears on their repayments, up from 12.1 per cent last quarter, despite a drop in unemployment and signs that