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The comparison with Spain. Similiar bubble in the housing markets in Spain, but a different approach by its banks which have a system in place for routinely and extensively modifying loans. This is mitigating the impact of the housing crisis and reducing losses in Spain.
Grouped Articles
Spain's Banks Boost Books by Refinancing Loans to Homeowners
Wall Street Journal 11.07.2013
States Try to Force Mortgage Workouts
Wall Street Journal 12.31.2010
Wall Street Journal 12.17.2010
Mortgage Modification Overhaul Sought by State Attorneys General
New York Times 03.04.2011
Mortgage Practices Overhaul Proposed
Wall Street Journal 03.05.2011
Fear, Rumors Pummel Europe Bank Shares
Wall Street Journal 08.11.2011
New York Times 08.22.2011
States Negotiate $26 Billion Agreement for Homeowners
New York Times 02.08.2012
Settlement Lifts Hopes For Housing Recovery
Wall Street Journal 02.10.2012
Bank of America Tests Rental Program as Alternative to Foreclosure
New York Times 03.22.2012
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