Foreign Loans Driving Italian Mortgage Defaults

07 Feb 2012

Loans made to foreigners as well as those that have been performing for less than 12 months before securitization are among the major drivers of defaults in Italian mortgages, according to Moody’s Investors Service.

Loans made to foreigners as well as those that have been performing for less than 12 months before securitization are among the major drivers of defaults in Italian mortgages, according to Moody’s Investors Service. Other factors include originate-to-distribute loans to non-conforming banks, those that pay a floating rate ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial