Banks must try harder

August 2009
Mortgage Strategy;8/10/2009, p24
Trade Publication
The article reports on the indications of British mortgage banks slowly recovering from the financial crisis and the need of their efforts to lend some of their money to homeowners in 2009. Lloyds Banking Group PLC revealed increased profits and the number of repossessions of Northern Rock PLC decreased. The National Housing Federation anticipated that clients, who bought at the peak of the market, are faced with negative equity for five years.


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