Mortgage loan
Gov’t seeking to stem a tide of closures
Faced with the prospect of thousands of small and medium-sized enterprises sinking under the weight of liabilities as a result of the pandemic's adverse financial impact, the government is seeking ways to stem the tide which is threatening to become its worst nightmare.
- Read more about Gov’t seeking to stem a tide of closures
- Log in to post comments
You Can Get 20-Year 0 Percent Mortgages in Denmark
Denmark has longest history of a country with negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.
- Read more about You Can Get 20-Year 0 Percent Mortgages in Denmark
- Log in to post comments
Gefyra gets three-month extension
The Finance Ministry submitted a law amendment to Parliament on Monday about granting a three-month extension to the Gefyra program for the protection of the main residence of borrowers who need more time to arrange the repayment of their debts to their lender.
- Read more about Gefyra gets three-month extension
- Log in to post comments
Funds put properties up for sale
Funds are evolving into the biggest property owners in Greece and are gradually trying to sell the assets that come under their ownership through the acquisition of large bad-loan packages.
- Read more about Funds put properties up for sale
- Log in to post comments
Banks about to sell more bad loans
Greek banks are beginning the securitization of their bad loans planned for 2020 amid increased uncertainty related to the duration of the economic crisis and its impact on nonperforming credit portfolios.
- Read more about Banks about to sell more bad loans
- Log in to post comments
Improving record in loan repayment in May
Loan managers are reporting an improvement in repayments in May, after the debt servicing delays recorded in the second half of March and the whole month of April. The restoration of payment flows signals a gradual return to normality, said Anastasios Panoussis, chief executive officer at Eurobank FPS and head of the Association of Loan Managers, at SmithNovak's European conference.
- Read more about Improving record in loan repayment in May
- Log in to post comments
Protection framework for holders of mortgages
Borrowers with mortgages secured against their main residence will receive extended protection by the government if they can show that they have been adversely affected by the health crisis.
- Read more about Protection framework for holders of mortgages
- Log in to post comments
Strict terms for mortgage tranche subsidy
The bridge program for the protection of borrowers' main residences that the Finance Ministry is preparing will strictly concern a period of nine months and only the mortgage debtors proven to have been hurt by the pandemic's financial crisis.
- Read more about Strict terms for mortgage tranche subsidy
- Log in to post comments
Subsidy planned to protect many borrowers’ homes
The government is planning to offer a subsidy for borrowers with housing loans secured against their main residence if it concerns individuals and entrepreneurs hurt by the coronavirus crisis, as an alternative to the main residence protection status which currently applies.
- Read more about Subsidy planned to protect many borrowers’ homes
- Log in to post comments
Debtors to lease back their homes
The new bankruptcy code will provide for the main residences of bankrupt borrowers considered financially vulnerable to be transferred to a state entity and leased back to the original owners. This will replace the existing framework for the protection of debtors' main residence from repossession.
- Read more about Debtors to lease back their homes
- Log in to post comments