Browsing CategoryMortgage

There is many kinds of personal loans now. Personal loans play an important role in commercial life. What is personal loan? It means the banks or other financial institutions provide borrower who meet the conditions with domestic or foreign currency for personal consumption, manufacture or doing business.   Personal loans was rising in World War II in Western countries. It has become an important part in loan business. There is many reasons. The first, the financial institutions had realized how important the personal loans is. So they take measures to promote personal loan. The second, the economic situation after war…

Though the proportion of subprime mortgages in the United States is not much , which is 12.5% only, however, due to the amplification of financial marketing, its impact has spread to the U.S. consumer market, macroeconomic and even the world’s capital markets. In order to effectively reduce the bad effects of the subprime crisis and prevent a recurrence of similar problems, the US government had took a number of policy measures and is likely they will introduce a series of new laws after the next president comes to power. 1. The establishment of non profit housing legal consultant agencies to…

The most popular housing mortgage has become globalization with long history which can be traced back to the nineteenth century in Europe. At that time, securitization was mostly done is the bank by the means of issuing mortgage bonds. The modern mortgage securitization was actually originated in the United states. From the end of 1960s to the 70s, the United States had established three government agencies to promote the development of the secondary market of housing mortgage loan, so as to build the world’s most developed mortgage securitization market. Nowadays, in the trade bond market of the United States, mortgage…

It is quite common that we will face the problem of money shortage, and when it’s happens, most people would turn to mortgage loan as it is a much easier way compared with credit loan, and for mortgage loans, the most popular one is housing mortgage   Mortgage loan is a kind of loan that the borrower guarantees to a bank with an certain item, that item can be real estate, vehicle, stock etc. Mortgage loan is protected by loan, hence the borrowers need to pay off the loan before the mortgage date due, otherwise the bank will be authorized…

With the acceleration of urbanization, the real estate industry has sprung up rapidly, with the growth, housing finance pooping up soon afterwards,  and housing finance system has getting stronger. The most common one in the housing finance system is mortgage loan. The current housing financial system in the United States was developed after the Great Depression. In 2001, its housing ownership rate is 67 8%, which is 70% higher compared with the number four years back, and that is inseparable from the support of the financial system.The current housing financial system of the United States consists of a primary market…

Consumer credit loan is a new product under financial innovation, commercial banks are gradually lunching this product to personal and companies for non commercial related personal consumption loan. The lunch of personal consumption loans has created a new debt relationship between individuals and banks to finance each other. After World War II, consumer credit loan has take a important role in the United States economy. Early since the Mid-50, the consumer credit loan the United States has growing rapidly, consumer credit loan has supported many industries, ,meanwhile, changed people’s life in the United States. People who have low income got…