Housing loans disguised as consumer loans leave mortgage credits behind - Azi

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Consumer loans secured by a mortgage accounted for 22% of overall loans taken out by individuals, that is 4.5 billion euros, according to the Financial Stability Report published by the NBR.

With this volume, the consumer loans secured by a mortgage (home equity loans as bankers call them) exceeded traditional mortgage loans taken out by individuals, which totalled 3.9 billion euros last December. This is the first time NBR has ever published the volume of home equity loans, which it normally...

Read the whole story in: Ziarul Financiar