Tuesday, 17 July 2007

UK mortgage standards safer than U.S. but slipping

(Reuters) - The UK subprime mortgage market is newer and smaller than
its equivalent across the Atlantic, which means it has had less
opportunity to come unstuck.




Subprime loans account for around 8 percent of UK mortgage
lending, according to the FSA, versus 20 percent of U.S. lending
in 2006.


Read more at Reuters.com Bonds News

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