The U.K.'s Council of Mortgage Lenders (CML) released some updated forecasts on the U.K. economy for 2009.

It has revised its repossession forecast from 75,000 to 65,000 based on: the benefit for borrowers of lower interest rates,significant levels of forbearance being shown by lenders and government interventions to support struggling homeowners.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.