Hedge Funds Lured by Greek Housing Debt Paying 22%

Hedge Funds Lured by Greek Housing Debt Paying 22%

Chris Ratcliffe/Bloomberg

Residential and commercial property in the suburbs of Athens. Non-performing mortgage loans in Greece reached 15 percent of the total outstanding in the fourth quarter, up from 14 percent in the previous quarter, according to the Financial Stability department of the Bank of Greece.