Lenders withdrawing from the sub-prime market

Friday, September 14, 2007

In recent weeks three lenders claim they have not completely withdrawn from the sub-prime market and will return after re-pricing their products.

Scott Morrissey of Solution Mortgages Limited said, “I think we’re going to see a lot of lenders retracting from the market now and lying low for the next few months. None of it surprises me as I have expected it to happen for some time now.”