2013-01-10 — bloomberg.com
Denmark's $500 billion mortgage industry is looking at how to keep struggling homeowners afloat as the nation's push into interest-only loans a decade ago now threatens a jump in losses amid rising unemployment.
Loan writedowns for mortgage banks in Denmark jumped 51 percent in the first half of last year, according to a report released last month from the financial regulator. Losses rose 17 percent in 2011, compared with a 25 percent drop in provisions at 35 of Germany's largest credit banks and a 55 percent drop in net loan losses at Sweden's mortgage lenders.
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