Greek borrower protection framework to help NPL securitization
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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