Japan to Enhance Surveillance on Super-Long Mortgages
Tokyo, Sept. 15 (Jiji Press)--Japan's Financial Services Agency said Tuesday that it will closely monitor financial institutions to ensure consumer protection amid the growing use of ultra-long-term mortgages as interest rates and housing prices rise. The popularity of 40- to 50-year mortgages is growing among borrowers, especially young people, as they seek to reduce their monthly repaymen...
We haven't written up this one. Nippon.com News has the full story — the link below goes straight to it.
