| Financial Turmoil Still Ahead？ |
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| 作者单位： | From Xinjiang Branch of China Development Bank |
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| 摘 要： | Asub-prime mortgage refers to a type of loai3 that is normally made to borrowers who do not qualify for market interest rates,often due to a variety of risk factors,such as their income level,size of the down payment,credit history,or employment status. As a result of the borrower＇s low credit rating, a conventional mortgage cannot be offered because the lender views the borrower as having a greater-than-average risk of defaulting on the loan. Lending institutions often charge interest on sub-prime mortgages at a rate that is higher than a conventional mortgage in order to compensate for this added risk. Recently,
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| 关 键 词： | 贷款 银行 金融 中国 |
Financial Turmoil Still Ahead？ |
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| Authors: | Wang Jun |
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| Institution: | From Xinjiang Branch of China Development Bank |
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| Abstract: | Asub-prime mortgage refers to a type of loan that is normally made to borrowers who do not qualify for market interest rates.often due to a variety of risk factors,such as their income level.size of the down payment,credit history,or employment status. |
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