High and dry

“The credit environment remains difficult, impacting the workings of the money, banking and capital markets.”That is how Paragon Finance director Nicholas Keen described the financial markets today. The situation is difficult; there is no doubt about that. Paragon’s lending volumes are down fifty percent. However, Keen goes on to explain: “If anything they (the credit markets) look like they’re getting a bit worse so it could be a long wait until the capital and bank markets are back to a normal level of functional operation.”…
Original Source

  31 March, 2008| housingblogs | @ 17:03

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