Prime mortgage borrowers slide on repayments

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Prime mortgage borrowers slide on repayments

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12-16-2008, 02:40 PM

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Prime mortgage borrowers slide on repayments

Credit rating agency, Standard & Poor’s (S&P) has reported that the proportion of prime mortgage borrowers that are at least one month in arrears with repayments has risen 50%. Prime borrowers are those with sound credit histories and in its UK Prime RMBS Index for the three months to the end of September, S&P puts the [...]

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