Many community organizations and homeowners have been frustrated by the difficulties of working with mortgage lenders and servicers, and these problems are even more exaggerated in weaker market cities. In the most devastated neighborhoods, some lenders do not even complete the foreclosure process or record the outcome of foreclosure sales because the cost of foreclosing exceeds the value of the property.
the reform of the capital market proposed by the Bachar Committee. But that is by no means the end of the road, and the important goals facing the banking system in the near future are related to it. I will revert to those goals later. The banking system plays a very important role in Israel's economy-it is affected by it, and affects it.