Tighter bank regulations hit home buyer groups
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Tighter bank regulations hit home buyer groups

Rishon Le Zion : Israel | Feb 17, 2010 at 10:13 AM PST
Source: Globes Online
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The Bank of Israel has ordered banks to tighten credit to buyers groups because of the inherent risk in their business. Supervisor of Banks Rony Hizkiyahu has ruled that bank credit to buyers groups will not be considered as housing credit to a single borrower like an ordinary mortgage loan, but as ordinary... FULL ARTICLE AT Globes Online
 
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