South West England ‘A Repossessions Hotspot’

Devon and Cornwall are the repossession hotspots in UK right now, says an article.
 
The general downturn in the housing sector has had particularly severe effects in Cornwall and Devon, with 41 percent more residents facing claims to give up their home than in 2007. Across the UK, repossessions numbers have gone up 17 percent. [...]

Credit Crisis – How Banks Never Saw This Coming

Most banks have state of the art risk management systems. Especially after the World Com sage of early this century, they were required by law to manage their risks better so that their actions can never jeopardise the whole economies again.
Never again… Yeap, famous last words!
No one saw it coming – at least not the [...]