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 U.S. credit is still difficult |
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bgyz2008
[博客]
加入时间: 2009/10/10
文章: 15
海归分: -521
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作者：bgyz2008 在 海天文学 发贴, 来自【海归网】 http://www.haiguinet.com
U.S. credit is still difficult
The source said the two by the U.S. government-controlled financial institutions, Freddie Mac, mortgage companies and Fannie Home MortgageMae is working out plans to help the independent mortgage banks are short-term loans in order to effectively carry out the normal mortgage payment service.
According to the U.S. media, "Wall Street Journal" reported that, for those who meet certain standards of housing loans, mortgage loan options Freddie Mac and Fannie Mae will provide a purchase commitment. In the current financial crisis, the U.S. housing market a large-scale recession, Freddie Mac and Fannie Mae, the two with a background of state-owned financial institutions have suffered a severe blow, in order to ensure that the two large rooms real estate financial institutions avoid bankruptcy, the U.S. government provided a large-scale funding.
Bond securitization market for the company, housing, Chase Mortgage Refinancing student loans and other financing. In good years, it allows banks to these claims are packaged into securities and sell them to investors. This process, known as securitization, enables banks to borrow more and more.
The high default rates in subprime mortgages suffered huge losses, many investors began to lose confidence in the securitization of claims. Home Mortgage Interest Since then, the government has spent more than one trillion U.S. dollars, trying to revive the market, but the results have been mixed.
"Given the urgent need for the securitization market in order to increase bank lending, in our securitization market did not rebuild, Mortgage Refinancing we will not have a real economic growth," Louisiana State University finance professor Joseph Mason said R •. Mr. Sachs agrees: "Through these markets, so that those companies and households to obtain loans, it is very important. It is also the confidence in the signal."
Investors, especially focused on commercial real estate. A big concern is that next year 50 billion U.S. dollars in securitized commercial real estate loans will be re-financing, if not financial success, Mortgage Rates then the property price reductions and maturity of loans harmful combination will cause many of the bank's new losses.
Meanwhile, the government-sponsored plans have not changed the rules of securitization, which is that many investors believe that the financial crisis. the Home Mortgage Loan Modification Legislators are still on the "resume operation when the securitization, it would not be pushed into the abyss of the financial system," expressed concern about the issue.
"The challenge we face is that we have a strong, add value to the economy of the securitization process, rather than to undermine the process of the economy." Rhode Island Democratic Senator and securities, Home Mortgage Modification Programinsurance, investment sub-Finance Committee Chairman Jack Reed said. Next month he plans to hold a stock of hearing, find out why consumers and businesses still have so much trouble to obtain loans.
作者：bgyz2008 在 海天文学 发贴, 来自【海归网】 http://www.haiguinet.com
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 U.S. credit is still difficult -- bgyz2008 - (3090 Byte) 2009-10-18 周日, 10:20 (963 reads)
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