Repossessions up but “not a mortgage meltdown”

Sept. 1, 2008
Mortgage arrears and repossessions data for the first half of 2008 from the Council of Mortgage Lenders (CML) shows the number of people falling into arrears at its highest since the first half of 2001, and repossessions at their highest level since 1996. CML reported 18,900 repossession cases so far this year in comparison to 13,400 in the second half …

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