Relevant:
- U.K Financial Bailout Reaches 1.4 Trillion Pounds
- Foreclosures rise as more borrowers fail to repay (Australia)
- Building Society has take a bold lead over the larger societies by releasing £50m worth of mortgage finance into the local market.
- Mortgage Bankers Association “Walks Away†from HQ
- Mortgage Woes for the Mortgage Bankers Association
2010-09-30 — bloomberg.com
"The Building Societies Association, which represents the U.K.’s 49 customer-owned lenders, urged the Financial Services Authority to rethink plans to restrict interest-only mortgages saying they risk stifling the market."
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