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Real Estate Briefing - Categorized | Europe, Mortgage, Regulatory more

EU clears Hungarian mortgage support scheme

Posted on 15 July 2009

From Forbes: The European Commission said on Monday it had approved a Hungarian mortgage support scheme, aimed at helping homeowners affected by the economic downturn.

The scheme will guarantee ‘bridging loans’ covering part of the monthly instalments of the original mortgage loans for up to two years, the Commission, which regulates state aid in the 27-country European Union, said in a statement…….Full Article: Source


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