Friday, July 6, 2007

UK warning on sub-prime mortgages

The Financial Services Authority (FSA) is to take action against five brokers that sell sub-prime mortgages.

Following a review of the market, it said some mortgage lenders and brokers offer loans to people who should not be given them.

Via BBC.

Just think abount what is happening in the USA and could not happen in the UK because there was no subprime problem...

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