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美国留学assignment关于房屋抵押贷款终止赎回权的分析 [6]
论文作者：www.51lunwen.org论文属性：作业 Assignment登出时间：2014-11-05编辑：lynn406点击率：7319
论文字数：3009论文编号：org201411042251245454语种：英语 English地区：美国价格：免费论文
关键词：Foreclosure次贷危机房产泡沫mortgage
摘要：摘要：近年来，房产市场出现明显的泡沫现象，本文从房屋抵押贷款赎回权的大量撤销来分析房产市场出现的病态与危机。人们申请超过偿还能力的房屋贷款，造成一度繁荣，可是放贷人并未严格要求申请标准，从而出现次贷危机。本文系统的分析了这一现象。
verage of 7%, but price declines could range as high as 16% in California, the report says
'Everyone has some culpability but we have to fix the problems,' says Mayor Douglas Palmer of Trenton, N.J., president of the U.S. Conference of Mayors. 'We can't afford not to do anything. We're losing tax revenues, have to maintain foreclosed property and we're going to see more and more homeless families.'
Federal, state and local lawmakers have struggled to respond to a growing wave of foreclosures among borrowers with higher-cost subprime mortgages. Nearly 17% of subprime adjustable rate mortgages are delinquent, a number that looks to rise as adjustable rate loans reset in coming months, often to sharply higher interest rates.
Federal Reserve Chairman Ben Bernanke in testimony to Congress earlier this month noted that, on average, nearly 450,000 subprime mortgages will reset every calendar quarter from now until the end of 2008.
'Avoiding the payment shock of an interest rate reset by refinancing the mortgage will be much more difficult,
as home prices have flattened out or declined, thereby reducing homeowners' equity, and lending terms have tightened,' Bernanke noted. He said rising foreclosures could reduce property values, weaken struggling housing markets and the economy.
The House has passed legislation to give federal housing agencies more freedom to lend to borrowers who would otherwise turn to the subprime market, while setting tighter standards for future mortgage lending. The Senate has yet to act on the bill. Federal and state banking regulators are trying to help loan servicing firms find ways to quickly restructure large groups of loans, instead of considering each mortgage on a case-by-case basis.
Palmer says the mayors are looking at ways to modify existing loans, strengthen counseling services and other steps in line with what Congress is debating. The mayors will also be meeting with lenders to assess the situation.
The Global Insight report says the housing market financial fallout will be widespread. New York City is forecast to lose more than $10 billion in 2008, followed by Los Angeles at $8.3 billion, Dallas at $4 billion; Washington at $4 billion, and Chicago at $3.9 billion.
In percentage terms, Myrtle Beach, S.C., could suffer the biggest hit, growing 1.7 percentage points less than it would have. California will suffer the most distress.
In other findings the report predicts that job growth will average 75,000 per month during the next six months. That's more than 100,000 fewer new jobs per month than the 2006 average. Consumer spending will expand by just 2% in 2008, buffered by falling home prices. And new home construction will fall through the spring of 2008, declining about 20% from current levels.
本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。
'Everyone has some culpability but we have to fix the problems,' says Mayor Douglas Palmer of Trenton, N.J., president of the U.S. Conference of Mayors. 'We can't afford not to do anything. We're losing tax revenues, have to maintain foreclosed property and we're going to see more and more homeless families.'
Federal, state and local lawmakers have struggled to respond to a growing wave of foreclosures among borrowers with higher-cost subprime mortgages. Nearly 17% of subprime adjustable rate mortgages are delinquent, a number that looks to rise as adjustable rate loans reset in coming months, often to sharply higher interest rates.
Federal Reserve Chairman Ben Bernanke in testimony to Congress earlier this month noted that, on average, nearly 450,000 subprime mortgages will reset every calendar quarter from now until the end of 2008.
'Avoiding the payment shock of an interest rate reset by refinancing the mortgage will be much more difficult,
as home prices have flattened out or declined, thereby reducing homeowners' equity, and lending terms have tightened,' Bernanke noted. He said rising foreclosures could reduce property values, weaken struggling housing markets and the economy.
The House has passed legislation to give federal housing agencies more freedom to lend to borrowers who would otherwise turn to the subprime market, while setting tighter standards for future mortgage lending. The Senate has yet to act on the bill. Federal and state banking regulators are trying to help loan servicing firms find ways to quickly restructure large groups of loans, instead of considering each mortgage on a case-by-case basis.
Palmer says the mayors are looking at ways to modify existing loans, strengthen counseling services and other steps in line with what Congress is debating. The mayors will also be meeting with lenders to assess the situation.
The Global Insight report says the housing market financial fallout will be widespread. New York City is forecast to lose more than $10 billion in 2008, followed by Los Angeles at $8.3 billion, Dallas at $4 billion; Washington at $4 billion, and Chicago at $3.9 billion.
In percentage terms, Myrtle Beach, S.C., could suffer the biggest hit, growing 1.7 percentage points less than it would have. California will suffer the most distress.
In other findings the report predicts that job growth will average 75,000 per month during the next six months. That's more than 100,000 fewer new jobs per month than the 2006 average. Consumer spending will expand by just 2% in 2008, buffered by falling home prices. And new home construction will fall through the spring of 2008, declining about 20% from current levels.
本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。
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