Lender alarm at EU moves towards US-style repo system

Dale, Samuel
May 2013
Money Marketing (Online Edition);5/31/2013, p15
The article reports that according to the European Mortgage Federation which represents mortgage lenders in the European Union (EU), the European mortgage directive which will allow member states to introduce datio in solutum for struggling home owners, is being taken "very seriously" at EU level. However, the federation says that there is also a possibility of the introduction of a U.S.-style system of mortgage repossessions in the EU.


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