Mortgage defaults expected to increase - 2003-08-07
Despite recent reports of significant declines in California foreclosure activity, Foreclosures.com, a Sacramento-based foreclosure property investment advisory firm, indicates rising interest rates will reverse that trend in the near future.

The recent six-week surge in mortgage rates marks the end of the downward cycle that brought mortgage rates to a 45-year low and will put downward pressure on home prices, says Alexis McGee, company president.
Read the full story at San Francisco Business Times

EQUITY RELEASE SCHEMES: PENSIONERS AT SERIOUS RISK - 2003-08-07
Elderly homeowners could be in a situation where they owe more than 6 times the amount they borrow according to research by the Consumer Association on Equity Release Schemes.

The Government decided to regulate certain mortgage products 3 years ago, but have done nothing about these schemes. Its time the Government acted before pensioners are thrown to the back street wolves.
Read the full story at Liberal Democrat Party