Their participation in the “freeze” program interest rates for all housing loans announced by them to individuals – after banks– and servicers, recognizing, as they note in their statement, the difficult situation and the need to “help address the adverse conditions that have arisen in connection with the increase in base rates on loans.” Freeze will only affect home loans relevant, i.e. not overdue by more than a month, as well as those that will become relevant at the start date of the program.

It is reported by the Association of Credit Management Companies. (ECtHR), each company will formulate its own conditions and criteria for membership in the respective program, in accordance with its procedures and policies, however, so that the programs come into force no later than May 2 and are valid for 12 months. . The common base for the programs will be March 31, the date when interest rates will be “frozen”, and the issue of an additional bonus of 20 basis points provided by banks is open and will be considered by each company. separately.

It should be noted that mortgages that have become the property funds due to successive securitizations and sales in recent years amount to 21.4 billion euros. They also include Kaceli loans that are part of securitized portfolios, most of which are regulated by adjustable rate court decisions, while there are others that are floating and therefore can be included in the “freeze”. “programme. It should be noted that out of the total amount of 21.4 billion euros sold to funds, those who are aware, other than those related to the Kaceli law, are estimated at between 3-4 billion euros, and therefore the perimeter of loans that will be included in the program, much less compared to bank loans.

According to the EEDADP announcement, borrowers (individuals) with informed variable rate mortgages will be automatically included in the above preferential programs without requiring any action on their part, while, as noted in the corresponding announcement, in addition to this initiative, management companies provide additional settlement options for any debtor wishing to repay their debt on acceptable terms.