A government program that reduces mortgage defaults

Lower-income households that received mortgages through state affordable mortgage programs were less likely to default or foreclose than similar households that received conventional financing, a national study found.

Outstanding interest-only mortgages put older people at risk

One in three over 70's with mortgages have interest-only mortgages with no linked investment and 13 per cent of older people with mortgages are struggling to make repayments on their home. These are the findings from new ...

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