0 minute readUK home repossessions declined 7.5% in the first quarter as record-low interest rates helped more households meet their mortgage obligations, the Council of Mortgage Lenders (CML) said. Banks repossessed 9,800 homes, down from 10,600 in the fourth quarter, the London-based group said in a statement on its website. The reading fell from 13,200 a year earlier.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Exclusive: House Democrat reintroduces bill targeting mortgage credit access
The reintroduced legislation would require lenders to use consumer-permissioned data, rental and bank records, for applicants who request it.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
