What Is Subprime Mortgage Crisis?
"Secondary"
mortgage
The loan crisis is caused by the turmoil in the US subprime mortgage market.
financial crisis
。
Subprime mortgage loan refers to the loan provided by some lenders to borrowers with low credit level and low income.
In the past few years, when the housing market in the United States was highly prosperous, the subprime mortgage market was developing rapidly, and even some borrowers who were generally considered to be unable to repay were also buying houses.
loan
This is a hidden danger for the subsequent subprime mortgage market crisis.
background information
The so-called subprime mortgage market in the United States is mainly financial institutions providing mortgage loans for people whose credit score is less than 620 cents, income proof is missing and heavier debt. According to the latest estimates of the American mortgage bankers association, 30% of Americans who received subprime in 2006 may not be able to repay loans in time.
After the recent credit crisis in the United States, some subprime mortgage companies and hedge funds have been closed down or suspended.
- Related reading
- Member area | Two Major Businesses Of BASF Textile And Leather Combine Into One.
- market research | Why Does The Global Luxury Consumption 47% Fall Into China?
- Fashion item | Collocation In Autumn And Winter To Create Warm And Fashionable Sense
- Consumer rights protection | Guangdong Quality Supervision Spot Checks Clothing And Other E-Commerce Products
- Case direct attack | Hangzhou Clothing Leather City And Other 4 Markets Were Cancelled According To Law.
- international standard | ISO Urgently Releases A Number Of Textile Testing Standards, And Urgent Attention Should Be Paid To The Export Of Functional Textiles.
- Case direct attack | Baoji Quality Supervision Bureau: In The Third Quarter Of 2014, The Qualified Rate Of Clothing Sampling Was 46.7%.
- Global Perspective | Spanish Tanneries Choose New Sites To Expand Their Scale.
- Venture capital project | Bangladesh Clothing Industry Is Favored By Spanish Fast Fashion Brands.
- Macro economy | The Latest Economic Outlook Of The OECD Points Out That Global Economic Growth Is Still Weak.
- Entrepreneurial Opportunities Hidden In White-Collar Market
- How To Write A Work Plan?
- Regulations And Restrictions On Exhibitions In Various Places
- Detailed Rules On Exhibitors
- New Media Marketing Is Imperative
- Stocks Should Learn To Rebound "Pipa" Scattered Retail Stocks Difficult To Rise.
- Netizens Comment On The Weird Makeup Of Stars
- 寫出漂亮的企劃書需要注意的十條規(guī)則
- Analysis Of The Force Performance Of Sports Shoes Soles
- Good Way Of Stock Selection Is Only One.