'Mortgages' Archive | RSS

Credit crunch: Tighten your belts, this could be rough 

The sudden collapse of the US investment bank Bear Stearns this week, provided
a harsh lesson for gung-ho equity investors, who have let themselves fall
into the trap of believing that blue-chip companies never go bust.

Home repossessions hit eight-year high 

The number of people whose homes were repossessed jumped by more than 20 per
cent during 2007 to reach an eight-year high, figures showed today.