MORTGAGE
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UniCredit Bank Raises Required Down Payment On Mortgage Loans As Of May 16
UniCredit Bank has decided to raise the down payment required on mortgage loans in lei and euros to 25%, as of May 16, due to implementation of the law on debt discharge.
Leu Mortgage Lending Doubles In One Year
The leu-denominated loans granted to consumers to buy homes have doubled to 21 billion lei (EUR4.7 billion) in the past year (March 2015 to March 2016), while foreign currency loans dropped...
ING Bank Has Only Enforced 20 Mortgage Guarantees So Far - CEO
ING Bank has only enforced 20 mortgage guarantees so far, after 3 years and a half of talks with the clients, trying to find solutions, ING CEO, Michal Szczurek, stated Wednesday.
Bancpost Raises Required Down Payment On Mortgage Loans
Romanian lender Bancpost has raised the down payment it requires on mortgage loans to 33% for loans in lei and 43% for loans in euros, citing the possible impact of the debt discharge law th...
Raiffeisen Bank: We Raised Required Down Payment Over New Mortgage Law
The decision to raise the required down payment for mortgage loans was because of the impact we estimate the enforcement of the new mortgage lending law will have on the risk taken by our ba...
Isarescu: Which Bank Will Grant Loans If Debtors Repay With Buildings?
Any legislative act that will allow debtors to repay their loans with the mortgaged properties will totally inhibit lending, said Mugur Isarescu, governor of the Romanian central bank.
Number Of Mortgage Loans Tops 300,000 After Interest Drop
The number of home buying loans overshot the 300,000 mark, driven by the leu lending. The stock of leu-denominated mortgage loans tripled in one year to more than 10 billion lei (EUR2.3 bill...
Sales Of Leu Mortgage Loans Tripled In 2014
The halving of the interest rates and the halt of the crisis impact on home prices are driving up residential property transactions, with statistics indicating a rise in sales of leu mortgag...
Romanian Banks Get Closer To Mature Western Markets’ Model
In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of intere...