Paragon Has Fewer Bad Mortgage Loans, More Cash

U.K. mortgage lender Paragon Group of Cos. PLC (PAG.LN) Thursday said overdue borrower payments dropped in the three months to Dec. 31, as low interest rates kept its buy-to-let mortgages affordable, and that it hopes to start making new loans soon if securitization markets ease further. At 0915 GMT, shares in Paragon were up 5 pence, or 3.8% at 140 pence, outpacing broader gains in financial shares. The stock is nearly triple its price a year ago, when the outlook for the financial system and broader economy was…

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3d rendering of a row of luxury townhouses along a street

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