AS he made an impassioned plea for Bahamians to take care of their financial obligations, Deputy Prime Minister and Minister of Finance Peter Turnquest said the Bahamas Mortgage Corporation is “insolvent” if it were not for the government’s guarantee of its debt, with 47 percent of its loans in arrears.

He was speaking in the House of Assembly yesterday during debate on a resolution to acquire a tract of land that would facilitate the relocation of the BMC...

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