Mortgage lenders pronounced themselves pleased with the 2009 repossession figures published on Thursday. But with the number of people having their homes snatched climbing 15 per cent in a year to their highest level since the mid-1990s, there's little to cheer. Michael Coogan, the boss of the Council of Mortgage Lenders, took comfort in the fact that the figures were lower than he had expected. Is that really good news? Of course not. |