News

Flight to mortgage 'haven'

Monday 6th of September 2004
Whether moving money from risky debenture stocks to contributory mortgages is out of the frying pan and into the fire usually depends on the type of contributory mortgage.

In recent years the Securities Commission has nailed the activities of people peddling contributory mortgages schemes which bent the rules. It's estimated investors have either lost, or had returned late, around $10...
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