Debt recovery firms ready to pay 25% for Romanian bad mortgage loans.

By bne IntelliNews September 26, 2012
Debt recovery firms are ready to enter the mortgage loans market in Romania but they have not yet reached an agreement with commercial banks on the price of such loan bundles, Ziarul Financiar daily reported. While debt recovery firms are ready to pay 25% of the loans nominal value, banks ask twice as much at least for the loans guaranteed with real estates in Bucharest and other large cities. For comparison, consumer loan bundles are sold at 10-12% of their face value. In related news, the daily reports an increasing number of apartments for sale by banks.
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