Lenders cut 2009 repossessions forecast

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Lenders cut 2009 repossessions forecast

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11-12-2009, 11:00 PM

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Lenders cut 2009 repossessions forecast

The Council of Mortgage Lenders (CML) has cut its forecast for the number of repossessions in 2009 to 48,000.The estimate is substantially down on earlier forecasts of 75,000 in 2008 and 65,000 in June of this year, and the body says the improvement reflects “lender forbearance, government measures and the beneficial effect of continuing low [...]

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