Greek mortgage market shows signs of stabilization

Fitch Ratings says performance in Greek RMBS transactions is showing signs of stabilizing, with mortgage arrears levels flat and new defaults occurring at a reduced rate in Q113. Fitch has published its Q113 Greek Mortgage Market Index.The proportion of the loans that are in arrears by more than three months increased only marginally by 20bps to 4.7%, following a period of more rapid increases. ...

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