Recent statistics regarding temporary concessions on borrowers mortgage payments are starting to show signs that lender forbearance is having a meaningful impact on the economy. A temporary concession is defined as an agreement between lender and borrower agreeing for the latter to pay less than ...

After an historic period of low interest rates, base rates are predicted to start rising steadily in Q3-Q4 2010.  Money markets are pricing in a 0.25% rise within a 6 month time frame with a second and possible third rise in a 12 month timeframe.  Money markets often get the forecast wrong but ...

As I said last week, Alistair Darling must put forward a credible plan for the UK to repay its national debt.  Alistair and Gordon are making the City very jittery amid concerns that the lack of action is putting the country’s credit rating in jeopardy.  If we lose our AAA rating the UK in ...

Vince Cable’s comments echo a presentation I have recently done which focused on the performance of 2007 securitised mortgage loans.  The sample that we analysed was based on six RMBS issues originated across thirteen originators.  The highlights were that serious arrears of 4+ months or more ...

There certainly is a fair bit of doom and gloom returning and plenty of talk about the dreaded double dip. Whether it is real or imagined will become clear over the next few months but for what it is worth, while I think it will be rocky in 2010 the overall picture is not quite as bad as some ...