Q&A: Long-term mortgage review - 2004-03-12
An highly anticipated review into whether UK homeowners should be encouraged to take out longer-term mortgages has been published by the Treasury.

In the 2003 Budget, the chancellor announced a review into long-term fixed-rate mortgages and why they are not as popular in Britain, as they are in the US and Europe.
Read the full story at BBC

Program offers home buyers mortgage help - 2004-03-12
Prospective home buyers dealing with credit or savings barriers now can join a regional lease-purchase housing program tailored to Oakley's needs.

The down payments and closing costs are financed by the program. A nonprofit governmental agency called the California Regional Mortgage Assistance Corp. buys the home by taking on the mortgage until the 39-month lease period is over and the client exercises the purchase option by assuming the existing mortgage.
Read the full story at Contra Costa Times