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EU banks should be able to sell sour mortgages to credit servicers, lawmakers say

By Jack Schickler ( January 27, 2020, 16:48 GMT | Insight) -- Personal loans, including mortgages, should be included in EU plans for secondary debt markets, two leading lawmakers have said as the European Parliament discusses plans to help banks offload sour debt. Sales of bad debt from banks to credit servicers shouldn't come at the expense of consumers, the lawmakers said, but warned against merely barraging borrowers with needless information.Personal loans, including mortgages, should be included in EU plans for secondary debt markets, two leading lawmakers have said as the European Parliament discusses plans to help banks offload sour loans. ...

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