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Moody’s: Italian real estate can benefit from faster time on Npl

Posted: 14 October 2016

Securities backed by defaulted Italian mortgage loans may benefit from legislation aimed at expediting property foreclosures, says Moody’s Investors Service.

Shorter foreclosure times would improve recoveries on the real estate collateral. The Bank of Italy has previously said changes implemented last year could reduce both bankruptcy and foreclosure procedures for mortgage loans to around three years.

This may then influence the course of the real estate market in a positive way.