Chinese Mortgage Owners Are Boycotting Payments, Spelling Collapse For Real Estate Lenders

Chinese homebuyers are refusing to pay their mortgages for the increasing number of unfinished projects, stoking fears that it could lead to further decline of the already embattled biggest real estate market in the world. China Real Estate Information reported on Wednesday that around 100 projects in more than 50 cities aren’t receiving mortgage payments … Continue reading Chinese Mortgage Owners Are Boycotting Payments, Spelling Collapse For Real Estate Lenders