The new Northern Rock retail bank, born from the ashes of the original lender which was Britain’s first major credit crisis casualty, posted a maiden loss on Tuesday and saw deposits plunge by a tenth. State-owned Northern Rock, which manages new mortgages and savings, posted a loss of £140m ($216.5mn) for the six months ending June, due partly to costs for its spin-off from the original company.

Most Popular Articles

Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.

Feb 17, 2020 By

Latest Articles

Cost of renting continues to steadily rise

While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.

Feb 19, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please