240 result(s) for mortgage
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Kúria Affirms Validity Of Foreign-Currency Loans In Hungary
- 17 Dec 2013 7:00 AM
- property
The Kúria ruled on Monday that foreign-currency mortgage loans are valid, are not immoral, do not constitute usury, and are not “sham contracts”. A two-thirds majority of the special panel of 36 judges ruled that borrowers must bear the risks of such loans, including the risk associated with currency fluctuations.
EU Rules Allow Top Court In Hungary To Set FX Rate In Loan Cases
- 6 Dec 2013 2:00 AM
- property
European Union regulations on unfair contractual obligations enable the top court Kúria to assess the fairness of contracts and in certain cases set the exchange rate, daily Magyar Nemzet said, citing a position by the European Commission.
New Law In Hungary On Credit Insitutions To Favour Customers
- 27 Nov 2013 3:00 AM
- business
The new law on credit institutions will aim to enhance the security and stability of the financial sector as well as being conducive to balanced, consumerfriendly services, state secretary of taxation and finances Gábor Orbán told Parliament on Tuesday.
Mortgage Loans Getting Cheap In Hungary
- 26 Nov 2013 8:00 AM
- property
The cost of a forint mortgage loan is now the same as the cost of a Swiss franc mortgage was in 2006, due to the recent fall in interest rates, website Bankmonitor found.
Hungary's Kúria To Define Principles On Forex Mortgages
- 26 Nov 2013 8:00 AM
- property
The Kúria will formulate general principles regarding foreign-currency mortgage loans, to be used as guidelines by lower courts in lawsuits brought by borrowers against banks, it was announced yesterday.
Hungary's PM Orbán Sets Out Tasks In Mortgage Question
- 25 Nov 2013 8:00 AM
- property
Prime Minister Viktor Orbán spelled out the ways in which the supreme court should clarify questions about foreign-currency mortgages, defended the flat tax, and again attacked large multinational companies in his bi-weekly radio interview, taped in Japan on Thursday and broadcast on Friday morning.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Kúria Affirms Validity Of Foreign-Currency Loans In Hungary
- 17 Dec 2013 7:00 AM
- property
The Kúria ruled on Monday that foreign-currency mortgage loans are valid, are not immoral, do not constitute usury, and are not “sham contracts”. A two-thirds majority of the special panel of 36 judges ruled that borrowers must bear the risks of such loans, including the risk associated with currency fluctuations.
EU Rules Allow Top Court In Hungary To Set FX Rate In Loan Cases
- 6 Dec 2013 2:00 AM
- property
European Union regulations on unfair contractual obligations enable the top court Kúria to assess the fairness of contracts and in certain cases set the exchange rate, daily Magyar Nemzet said, citing a position by the European Commission.
New Law In Hungary On Credit Insitutions To Favour Customers
- 27 Nov 2013 3:00 AM
- business
The new law on credit institutions will aim to enhance the security and stability of the financial sector as well as being conducive to balanced, consumerfriendly services, state secretary of taxation and finances Gábor Orbán told Parliament on Tuesday.
Mortgage Loans Getting Cheap In Hungary
- 26 Nov 2013 8:00 AM
- property
The cost of a forint mortgage loan is now the same as the cost of a Swiss franc mortgage was in 2006, due to the recent fall in interest rates, website Bankmonitor found.
Hungary's Kúria To Define Principles On Forex Mortgages
- 26 Nov 2013 8:00 AM
- property
The Kúria will formulate general principles regarding foreign-currency mortgage loans, to be used as guidelines by lower courts in lawsuits brought by borrowers against banks, it was announced yesterday.
Hungary's PM Orbán Sets Out Tasks In Mortgage Question
- 25 Nov 2013 8:00 AM
- property
Prime Minister Viktor Orbán spelled out the ways in which the supreme court should clarify questions about foreign-currency mortgages, defended the flat tax, and again attacked large multinational companies in his bi-weekly radio interview, taped in Japan on Thursday and broadcast on Friday morning.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.