IMF Urges Denmark to Drop Risky Mortgages as Housing Woes Deepen

IMF Urges Denmark to Drop Risky Mortgages as Housing Woes Deepen

Freya Ingrid Morales/Bloomberg

Newly-constructed residential apartments stand in Orestad on the outskirts of Copenhagen, Denmark. Denmark’s house prices have lost more than 20 percent since the nation’s property bubble burst in 2008, eroding equity and leaving fewer borrowers eligible to roll over their debt into new interest-only mortgages.