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Search resuls for: "Antonio Alvarez"


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The vow was unequivocal: The city of Philadelphia was finally going to root out the drug trade that has long monopolized the streets of Kensington. Antonio Alvarez, 58, surrounded by grandchildren on his porch, believed the drug market would go quiet, temporarily, and then return as it always had. Harris Steinberg, 57, standing at the counter of his auto parts shop, said that everything along Kensington Avenue — the tents, dealers and stray needles — was already moving to the neighborhood’s back streets. But, she said, she was stuck on a waiting list for a shelter bed. No one except the drug dealers said that they were happy with how things were in Kensington, one of the most sprawling areas of open drug use and dealing on the East Coast.
Persons: Antonio Alvarez, Harris Steinberg, Locations: Philadelphia, Kensington, Elizabeth, East
In Spain, around three-quarters of the population are homeowners, with most opting for floating-rate mortgages which are exposed to interest rate rises. Other countries, such as Hungary, Portugal, Poland and Greece, have approved different forms of mortgage support. Spain's banks will provide mortgage support for vulnerable families earning less than 25,200 euros ($25,815) per year through an amended industry-wide code of good practice. They will be able to restructure mortgages at a lower interest rate during a five-year grace period. Measures will also make it cheaper for families to switch from variable to fixed rate mortgage contracts.
MADRID, Nov 22 (Reuters) - Santander (SAN.MC) said on Tuesday that Spain's mortgage relief plans could lead to an increase in bad debt provisions and use up more capital reserves. The Spanish government and the country's banks on Monday reached an agreement in principle on mortgage relief measures, such as extending loan repayments, for more than one million vulnerable households and on help for middle-class families. Alvarez said even small changes in how a potential mortgage refinancing or extension is done could have an impact on capital consumption related to the bank's mortgage loans. Alvarez also said Santander had still not signed off on the mortgage support agreement though it planned to do so. The CEO also said care must be taken to ensure the support measures do not make access to loans more difficult.
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