Northern Rock May Sell Mortgages To Repay Debt

20 Sep 2010

Northern Rock may sell portfolios of mortgages to help repay its £22.5 billion ($35.2 billion) in debt to the government within five to six years.

Northern Rock may sell portfolios of mortgages to help repay its £22.5 billion ($35.2 billion) in debt to the government within five to six years. The state-owned lender had indicated earlier this year that it would rely on mortgage redemptions to reduce the size of the loans, but ...

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