Foreclosures in China Soar, Threatening to Choke Off Bank Profits November 04, 2024 +1 mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions. NYT NYT > Business NYTimes When the housing market was flying high mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions. NYT NYT > Business NYTimes When the housing market was flying high