The latest IMF report card is in.
They want more houses repossessed.
“The IMF states lenders are “only beginning to tackle non-performing loans”.
It says repossessions are low at 0.3% of total mortgage arrears in 2012, compared to 3.25% in Britain and the US.The IMF said that suggested a need to strengthen the efficiency of the repossession regime. It also says that the designation of specialist judges could concentrate expertise for handling a “potentially larger volume of repossession cases in an expedited manner”, while maintaining protections for homeowners.”
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(Pic: The Atlantic)