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Foreclosures in China Soar, Threatening to Choke Off Bank Profits

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions. [Source]

Publication Date:

Origin: nytimes.com

Category: China

Topics: evictions, struggling, system, legal, nonexistent, almost, defaults, mortgage, flying, market, housing, Profits, Choke, Threatening, China, Foreclosures

Source: https://www.nytimes.com/2024/11/04/business/china-foreclosures-mortgages.html

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