You are here


Brazil recession likely to fuel higher mortgage defaults: Moody's

Dominant state-owned lender Caixa also faces higher financing costs


BRAZILIAN banks will write fewer mortgages this year as delinquency rates climb amid the country's worst recession in more than a century, according to Moody's Investors Service.

State-owned lender Caixa Economica Federal, which issues almost three-fourths of housing loans...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to