The number of individuals filing for bankruptcy has fallen as has the number of company winding up petitions for dissolving a company that cannot pay its debts, according to figures from the Ministry of Justice.
The number of properties taken into possession by first-charge mortgage lenders continued to fall in the second quarter of 2010, according to the latest data from the Council of Mortgage Lenders.
Chancellor George Osborne announced in his emergency Budget the government’s intention to cut support for borrowers in difficulty. MI
The Financial Services Authority (FSA) has set out rules to protect customers in arrears on their mortgages or entering sale and rent back (SRB) agreements. In addition, all mortgage advisers will have to be FSA approved.
The number of days taken to sell possessed property continues to reduce, according to the latest data from Spicerhaart Corporate Sales.
Residential mortgage backed securities (RMBS) performance was stable across Europe, the Middle East and Africa (EMEA) during the first quarter of 2010, but some performance concerns persist, says Fitch Ratings in its latest quarterly update.
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