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Venezuela to allow 100% home loans

By Benedict Mander in Caracas While the US subprime crisis has left many bankers shivering at the consequences of generous mortgage financing, a new law in Venezuela now allows banks to offer 100 per cent loans to homebuyers. Analysts say that the law, part of a package of 26 presidential decrees passed by Hugo Chávez last week that has generated widespread controversy, is aimed at solving a deepening housing crisis with large sectors of the population living... [read full story]                    

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