As more subprime and CCJ mortgages go into default, the markets are still feeling the aftermath. Rates are at an all time high and approvals for CCJ mortgages and other risky loans are at an all time low. Those in the market for a new CCJ mortgage are being advised to wait until the markets […]
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CCJ Mortgage Approvals Down
Posted on June 19th, 2008 by justin
As more CCJ mortgages are turned down, the overall volume of new housing purchases has also dipped. Right now, it is almost impossible to get a CCJ mortgage and most banks are now taking this loan type off of their books. This is expected to continue far into the future and it may be that […]
CCJ Mortgages Affected By Housing Trends
Posted on June 13th, 2008 by justin
Many believe that the CCJ mortgage market and other bad loans may be pushing the world into another Great Depression. Experts are citing economic data from the past and the present that seems to present a rather bleak outlook financially. Right now, as a result, it has become almost impossible to get a CCJ mortgage, […]
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