Spain : Negative equity affects 25% of mortgages

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Published 2009-09-01 03:09:26

One in five Spanish mortgages is now considered as being high risk and liable to become "non performing". |Spain : Negative equity affects 25% of mortgages An press release states that mortgages contracted after 2005, where the loan to valuation was over 80% of the total value are the mortgages at greatest risk. In 2006 and 2007, according to data from the bank of Spain, LtVs were over 80% in 17.7% of the mortgages granted. Prior to 2006, the data comes from a study by Genworth Financial,...

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(Barcelona Reporter)

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