PREMIUM
VÍCTOR MARTÍNEZ
vmartinez_EM
Updated Friday, 10 July 2020 - 22:22
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The coronavirus has intensified the mortgage war between financial institutions in an attempt to stimulate and mitigate the collapse of the demand for credit by individuals. The months of confinement have been terrible for the bank balance when it comes to domestic credit. On the one hand, requests for a moratorium on the payment of installments linked to mortgage or consumer loans have skyrocketed to over a million, and on the other, the demand for new financing has plunged at rates of 80% in the worst months of the pandemic. In both cases, it is revenue that is lost. The entities have observed that
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