mortagage

Mortgage defaults expected to rise by 22% over next 12 months

2nd April 2024 Arrears and Recoveries | #mortagage

The UK’s largest specialist mortgage lenders are accounting for a 22% increase in Expected Credit Loss (ECL) provision as mortgage defaults spike, according to a new report from AI powered transaction analytics firm, Fuse. Analysis of the most recent financial statements of ten of the UK’s largest specialist mortgage lenders indicate that lenders are accounting…

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mortagage

Mortgage defaults expected to rise by 22% over next 12 months

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