BoI’s Yaron highlights mortgage market reform
Bank of Israel measures aim to foster transparency and comparability in key market
The Bank of Israel’s recent reforms of mortgage market regulations will boost transparency and comparability, governor Amir Yaron said in a speech on September 8.
Up until now, the opacity of the mortgage market in Israel made it difficult for borrowers to compare conditions from lenders and therefore bargain for better contracts.
The central bank’s reforms are focused on addressing this deficiency, enabling customers to compare the terms offered by banks for mortgages with the same
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