Tuesday, April 19, 2016

European Central Bank toughens access to mortgages – Prensa Latina

19 April 2016 11:34 Frankfurt, April 19 (PL) the Eurozone banks tightened access to mortgages and loans to buy homes, but increased the buying public and private debt, an official survey showed today.

 According to the survey by the European Central Bank (ECB), while four percent of banks in the euro zone intensified its internal guidelines on who could access loans to buy homes, these entities allocated excess liquidity in buying debt to pay.

Now, the new guidelines of the European Union to promote a comprehensive analysis of loan applicants mortgage with a low risk tolerance.

Meanwhile, the ECB noted that the past six months, buying public and private debt amounted to 60 billion euros per month, a figure that will expand by 20 billion more from April 2016 and for another year.

hardening conditions in the credits does not behave the same way in the block, while the economies of Germany and the Netherlands the toughened, Spain and Italy relaxed.

This survey is conducted by the ECB every three months and this anticipated to continue tightening credit standards in the second quarter of 2016

to / rfc / tdd.

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