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Brazil recession likely to fuel higher mortgage defaults: Moody's
Dominant state-owned lender Caixa also faces higher financing costs
BrasÃlia
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...
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