Detail Subsiding   Oleh:  The Economist Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 382 no. 8518 (Mar. 2007), page 74. Topik: Investors; Home Loans; Subprime Market Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.50 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel SOMETIMES financial jargon can be horribly appropriate. The “sub” part of the term “subprime loans” describes an asset class that is sinking fast and dragging investors down with it. Subprime loans are made to homebuyers who suffer from poor credit ratings, or who lack the cash to put up a big deposit. With interest rates rising and house prices stagnating, life has become much harder for such borrowers. Figures from the Federal Reserve, the American central bank, show that delinquency rates of residential mortgages reached a three-year high in the fourth quarter of 2006. The spread (the interest-rate margin) on subprime loans written last year has risen from less than two percentage points above Treasury bonds to more than seven. This is bad news for struggling homebuyers and for investors late into the business. But at first, analysts felt the broader effects would be limited. “The direct macroeconomic effects of subprime stress are likely to be small,” said Goldman Sachs. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved