September 7, 2012
Nathaniel Beneby
Stories this photo appears in:
No relief for more than 3,000 delinquent mortgage borrowers
THE Clearing Banks Association (CBA) estimates that roughly 800-1,000 delinquent mortgage borrowers could benefit from the Government’s relief plan, but its chairman yesterday acknowledging that there were more than 3,000 who, “in all likelihood”, would not benefit from the initiative.
Divorce fuelling mortgage arrears
DIVORCE and separations are a "major contributing factor" to the high number of mortgage delinquencies in the country, according to one top banking official.
Mortgage Relief Plan to receive applications starting from Monday
THE government’s Mortgage Relief Plan will begin accepting applications next Monday in an effort to put a dent into the crisis that now sees more than 4,000 mortgage accounts in arrears.
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