12% of home owners with any mortgage in the US are now one month or more behind on their mortgage the highest percentage ever. This compares to 8% just on a year ago. The group most highly affected are people with college degrees or technical training who could afford to by a house but used a prime fixed rate mortgages and are now losing their jobs. 48% of the subprime mortgage home owners are behind on their payments
A first: residents petition council wanting an over-55s retirement community
A petition signed by more than 100 people within four days in Bannockburn, 88km southeast of Melbourne’s CBD, demanding a lifestyle village was raised at Golden Plains Shire’s council meeting. “We would like to ask our elected council to encourage...