In the United States, for instance, the sharp fall in housing prices means that many households have negative equity, making it also difficult for financial institutions to collect mortgage repayments.
Lars Rohde: Developments in the world economy, the Danish economy and in its mortgage credit system Speech by Mr Lars Rohde, Governor of the National Bank of Denmark, at the annual meeting of the Danish Mortgage Banks’ Federation, Copenhagen, 9 April 2013. *  *  *  Since the autumn, the financial markets have seen positive development.