Revealed: massive hole in Northern Rock's assets
Story date: 2007-11-22 06:17:00
Added on: 2007-11-22 22:50:11
Guardian Unlimited - Among the findings are: · Mortgage loans of over 90% of the purchase price of a house have soared to £16bn, from £2.7bn, in the space of three years. · Loans have exceeded the value of the property on nearly 2,500 mortgages, with a value of £263m ...
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