Repossession up but new arrears decline

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Repossession up but new arrears decline

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12-17-2009, 10:10 AM

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Repossession up but new arrears decline

New data from the Financial Services Authority (FSA) show the number of homes being taken back by lenders rising 3% to 13,987 in the third quarter of 2009, compared with the previous three months. However, repossession levels have remained fairly flat in recent months and the figure is almost 6% below the January to March level. Meanwhile, [...]

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