Battle lines drawn in row over foreclosures
This past week saw another episode in the long-running saga The ongoing tussle between the government camp and the opposition over freezing bank foreclosures has...
foreclosures
Foreclosures law set for Supreme Court after House rejection (updated)
In a special plenary session on Tuesday, the House voted to reject President Nicos Anastasiades’ refusal to sign off on a bill that would renew...
In special session, House to revisit foreclosures
The House plenum will convene in an extraordinary session on Tuesday to revisit a bill that further renews a moratorium on foreclosures and which President...
MPs extend freeze on foreclosures
Despite warnings from the government and the banking industry not to, lawmakers on Thursday passed a law further extending a freeze on home foreclosures. This...
New House offers no sign of compromise over foreclosures
Authorities and financial regulators on Monday poured cold water on a parliamentary bill seeking to further extend a moratorium on home repossessions, warning of the...
Changes to foreclosures could backfire, EU official warns
Amendments to the foreclosure framework could backfire and destabilise the banking sector if not properly designed, an ECB official has warned. In an interview with...
Government withdraws foreclosures bill after ‘damaging’ changes
The government said on Wednesday it withdrew a bill amending the courts law after opposition parties added provisions that change the foreclosures framework, jeopardising the...
Opposition parties plan to push ahead with halting foreclosures
Opposition parties said on Monday they planned to submit amendments to the courts bill to allow borrowers to stop foreclosures. The House finance committee left...
Government urges no extensions to suspending foreclosures
The government warned opposition parties for the umpteenth time on Wednesday that changing the foreclosures legislation would have negative consequences on banks and possibly create...
Ad hoc committee to examine foreclosures bills
The House finance committee has decided to set up an ad hoc committee to examine 13 different bills on foreclosures with the main aim of...
MPs to expedite bill speeding up foreclosure hearings
The House legal affairs committee is expected expedite approval of a bill for court hearings relating to foreclosure cases by the end of March, its...
Bills meant to help troubled borrowers withdrawn
Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged that the proposals...
CBC governor urges MPs not to tamper with foreclosures framework
Central Bank governor Constantinos Herodotou on Friday urged MPs not to tamper with the foreclosures legal framework but to focus on how courts can more...
Cabinet authorises justice minister to make changes to courts bill
The cabinet authorised the justice minister on Wednesday to make any changes necessary to a bill on the operation of courts so that it includes...
MPs extend freeze on foreclosures until next March
The House on Thursday passed an amendment to the law extending a freeze on property foreclosures until the end of March 2021. The foreclosures to...
Coronavirus: Banks appear to back extending suspension of foreclosures
Banks appear to initially favour extending the suspension of foreclosures relating to mortgaged primary residences worth up to €350,000 but the final decision will be...
CBC warns about suspending foreclosures
The Central Bank (CBC) warned Thursday suspending foreclosures could disrupt the financial system because banks would require additional capital to provide for bad debts. The...
Ministry appeals to MPs not to suspend foreclosures
The government has made yet another appeal to parliament not to suspend foreclosures using the pandemic as an excuse as that would be protecting strategic...
Finance ministry warns against any more changes to foreclosure processes
Any extension of the freezing of foreclosures until the end of the year or beyond, would bring potential negative effects and disproportionate costs to both...
Banks warn suspending foreclosures could do more harm than good
Banks have warned that suspending foreclosures would do more harm than good as opposition parties were poised to do just that, tabling five bills citing...