Mortgage News: Americans Not Alone in Housing Woes – National Consumers League

It’s turning out that American consumers aren’t the only ones grappling with mortgage and credit crunches, according to international news reports. In Britain, Channel 4 News reports that March saw the fewest number of new home loan approvals in a decade. In Sydney, news reports predict that up to 80,000 Australians may lose their home by September!

It’s a tough time to be a homeowner, that’s for sure. If you are a homeowner worried about losing your nest — or if you’re a prospective buyer hoping to take advantage of dropping house prices — you might want to check out our new Mortgage Town site.