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Repossessions Archive
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Repossessions Forecasts Cut
The Council of Mortgage Lenders (CML) has reduced its forecast for house repossessions to 48,000 for the year. Last year they estimated the number would be 75,000 in 2009, but revised it to 65,000 in June, and again today. A combination of lenders exercising patience with borrowers in difficulty, government assistance for borrowers and low [...]