DB Mortgages has withdrawn its subprime mortgage range and the West Bromwich Building Society has withdrawn its latest residential mortgage securitization in a sign that the downturn in the U.S. subprime market is having a continued effect on the U.K. market, reports MoneyMarketing.co.uk. Bill Dudgeon, DB Mortgages’ managing director, said the range will relaunch sometime in mid-August. A West Bromwich official said that the company will reprise its issuance when market conditions improve.
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