Let HFCs rejig terms without recast label, says Parekh

Parekh, the pioneer of housing finance in India, called for reckoning financing for mortgage insurance as part of the home loan and make insurance more accessible. In his letter to shareholders in the companys annual report, Parekh said that direct selling agents aid the churn in home loans as they get a commission twice for the same borrowers loans. Regulators and investors tend to view restructured loans with caution.

via Economictimes

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