Minister chides MPs over sloppy repo bill
Parliament’s enactment last week of a bill impacting foreclosure procedures was ‘sloppy’, Finance Minister Harris Georgiades said on Monday, hinting that the legislative proposal may
Home » foreclosures
foreclosures
Protestors put pressure on MPs over foreclosures amendment
Up to 100 protesters gathered outside parliament on Friday morning while an extraordinary House plenum session was underway inside to vote on a second veto
MPs gather for crucial foreclosures vote
With parliament about to vote on Friday on a second presidential veto on changes to the law of foreclosures, members of the anti-foreclosures association are
Stark warning from ECB over any changes to law on foreclosures (Updated)
The European Central Bank (ECB) has warned that changing the foreclosures law would have a significant negative impact on the island’s banking system, MPs heard
Our View: President should let Supreme Court decide on foreclosures
HAVING had the big dangers posed to the banking sector and the economy by the foreclosures bills clearly explained to them by the finance minister
Parliament rejection of presidential veto unlikely to have teeth
Parliament’s rejection on Monday of a presidential veto on a bill aiming to freeze home repossessions until October may prove pointless given that banks have
House postpones crucial foreclosures vote despite top banker’s warnings (Update 2)
Parliament on Monday rejected one of two presidential vetoes relating to changes to foreclosures legislation, while voting to postpone voting on the other veto. In
House president heckled as MPs delay vote on home repossessions (Updated)
House president Demetris Syllouris faced a crowd of implacable protesters on Monday after parliament decided to postpone voting on the president’s vetoing of a bill
MoUs signed with banks ahead of Estia kick-off
The government on Friday signed a Memorandum of Understanding (MoU) with banks and credit buyers for the implementation of the Estia debt relief scheme, which
Our View: When will MPs realise they can’t rule the markets?
Disregard for the workings of the market has always been embraced by a large number of our politicians. This was evident once again listening to
Foreclosures row could now end up in Supreme Court
President Nicos Anastasiades on Tuesday informed parliament that the two bills recently passed amending foreclosures legislation have been found to be unconstitutional as both he
President vetoes ‘negative’ foreclosures changes (update)
President Nicos Anastasiades on Friday vetoed bills passed by the opposition rendering the foreclosures legislation ineffective and raising the risk of downgrades for the island’s
President set to veto foreclosure bills, as Moody’s warns of negative effects (updated)
President Nicos Anastasiades is obliged to veto two bills passed by opposition parties amending foreclosure legislation, a government source said on Thursday, as Moody’s rating
Cyprus may face consequences over foreclosure changes, Georgiades says
Finance Minister Harris Georgiades warned Monday Cyprus may have to face consequences over the parliament’s decision to amend the law on foreclosures, effectively slowing down
President looking at foreclosures freeze after minister recommends veto
PRESIDENT Nicos Anastasiades was examining on Saturday, along with Finance Minister Harris Georgiades, the legislation approved by parliament on Friday to temporarily suspend foreclosures, the
MPs ignore warnings, freeze foreclosures (updated)
Parliament on Friday voted to temporarily suspend foreclosures on properties that could be eligible for inclusion in a state borrower relief scheme but also changed
Opposition parties to decide Tuesday on proposal freezing repos
OPPOSITION parties will decide Tuesday whether to table to the House plenum this week a joint legislative proposal by which homeowners would be able to
Edek proposes freezing all foreclosures
SOCIALIST Edek plans to table a legislative proposal freezing all repossessions by banks, ostensibly to protect vulnerable homeowners, despite assurances from the banking sector that
MPs urged to delay vote on changes to foreclosure law
FINANCE minister Harris Georgiades as well as the banking industry urged lawmakers on Thursday to delay voting on proposed amendments to the foreclosures law, changes
Banks concerned over possible changes to foreclosures law
Banking sources have expressed concern over the intention of several parties to amend the law on foreclosures, slowing down the process and possibly hindering lenders’