2009-09-23housingwire.com

" Gross mortgage lending in the United Kingdom surged in August, jumping by £2.8bn ($4.6bn) from July when volume dipped, according to a report by the British Bankers’ Association (BBA). Despite analysts pointing to an impending recovery in the US housing market, Moody’s expects the UK financial sector to take on more damage as the foreclosure crisis continues."



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