Nationalised Northern Rock's £724m loss as homeowners struggle to pay back mortgages

Daily Mail
"Government-owned lender Northern Rock reported a half-year loss of £724.2million today.
The Newcastle-based company also said the share of its mortgages in arrears had risen to 3.92 per cent by June 30, from 3.67 per cent three months before.Northern Rock - which was taken into public ownership in February 2008 - said it incurred an impairment charge on its loans of £602.2million and expected that figure to be similar in the second half."