Greek borrower protection framework to help NPL securitization

By Tom Brown
02 May 2019

Greek authorities have begun to implement an enhanced framework to allow mortgage borrowers to keep their homes in a regulatory move that bodes well for future NPL securitization in Greece.

On April 30, Greek authorities signaled the start of the implementation of framework that will allow borrowers to follow a simpler and automated process to apply for protection of their primary residence from foreclosure.

Moody’s deemed the move a credit positive for securitization in Greece as the ...

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