Northern Rock has reported that its home repossessions rose by 63% last year to 3,620.Arrears also soared with 17,264 borrowers three months or more behind with their repayments at the end of 2008, up from 3,492 at the close of 2007. The rise takes the percentage of the bank’s total mortgage book in arrears to [...]

More: Northern Rock arrears and repossessions soar

Northern Rock hasn't really been an example of how the lender should behave. They should be setting an example for other banks and government can actually control them more.