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Loan Modification

: Mortgage Lender Implode-o-Meter

Regulator's Plan Would Have Blocked Half of All U.K. Home Loans, CML Says

By Implode-Explode Heavy Industries

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"U.K. banks would have rejected 3.8 million home-loan applications in the past five years had the Financial Services Authority?s plans to tighten lending been in force, the Council of Mortgage Lenders said."

Full post as published by Mortgage Lender Implode-o-Meter on October 05, 2010 (boomark / email).

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