美国留学assignment关于房屋抵押贷款终止赎回权的分析
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:7265
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。
引言:
我们知道从去年开始,取消赎回抵押房子的现象与日俱增。在美国,从今年年初到现在,撤回赎回权的数目已攀升到令人惊讶的225,329.排在前五名的分别是加利佛尼亚州,德克萨斯州,乔治亚州和俄亥俄州。
撤回房屋赎回权的上升是在2000年和2001年间开始的,借贷人放松了申请房屋抵押贷款的资质条件且出现了次级房贷。
先前因为收入或信用危机没有资格申请房贷的人,可以通过各种项目获得贷款,比如零首付的银行项目,定期付款项目,非书面房贷项目和恶性调节抵押贷款率。
这些项目的共同点是在核保步骤过程中它们并没有提供借贷人精确的财政情况,让他们得到不能偿付的贷款,然后不久,因为他们不能承担,发现自己陷入财政困境。他们开始拖欠抵押贷款,在我们知道前他们打算放弃房产抵押的赎回权。
We all know that home foreclosures have been on the rise since last year. In nation, foreclosures have climbed to a staggering 225,329 year to date. The top five foreclosure states are California, Texas, Georgia and Ohio.
The cause of the hike in foreclosures took birth between the year 2000 and 2001 when lenders relaxed their qualification requirements for obtaining a mortgage and the advent of the subprime mortgage market.
Individuals who previously were not able to qualify for a home loan because of income and/or credit challenges, were able to obtain home loans via lender programs such as zero down payment programs, stated income programs, no doc loan programs, combo loan programs and the vicious adjustable rate mortgage.
What these programs had in common was that in the underwriting process they did not provide an accurate financial picture of the borrower, got them into loans that they could not afford, and then shortly thereafter, because they could not afford the loan to begin with, they found themselves in a financial hardship. They were falling behind on their mortgage payments and before we all knew it they were headed to foreclosure.
What is happening now is that lenders procedures are being scrutinized by their loan guarantors, purchasers and the secondary market. They're credit ratings are being lowered because of the number of foreclosures in their loan portfolio and it is has made it more difficult for them to obtain money to issue new mortgages.
Now in order for them to maintain favorable credit ratings enabling them to continue to finance new loans and keep their business flowing, they've had to tighten up on their lending practices in order to maintain their current rating or raise their rating from the level that it fell to.
Lenders are going back to the traditional way of borrowing. This will make it more difficult for homeowners to obtain a loan.
Supposedly, the US Government has also stepped in to tighten up the knot on lender borrowing practices. The US Government has implemented oversight practices to go in and investigate lender practices. States have begun to implement laws to guard against lender practices that put the homeowner in a detrimental financial situation in the future, North Carolina being one of them.
The number of foreclosures year to date for the loan guaranty program alone is astounding. This is only the tip of the iceberg considering that the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。