SUBPRIME CRISIS 次贷危机

Subprimeborrowersweredifficulttogetaloan,butbankmaychargeahigherinterestUSgovernmentsPromoteHomeownershipBankstartedtolendtosubprimeborrowerstogethigherinterestreturnUSMortgageMarket?美国房贷市场(2002以后)petition兢争房贷中介公司房贷银行美国房贷增长快速MortgageLendingIncreasedrapidly次贷危机出现?Subprimecrisisstartedin20072007:RisingInterestRate利息升高经济下滑失业率上升LowerHousePrice房价下滑还款违约率上升,银行没收抵押房(Foreclosure)增加呆帐增加迅速?NonperformingAssetsareExpandingRapidly赢利下降迅速?EarningshaveFallenSharply资金充足率下降?CapitalStrengthhasDiminishedTitleTextSubtitleTextX-AxisTextY-AxisLeftTextY-AxisRightTextContactPersonText房价下降NewHomeInventoriesandRealPriceChange%Change–YeartoYearRatioSource:CensusBureauand?BureauofEconomicAnalysisMonthlySupplyof?UnsoldNewHomes?(RightAxis)RealConstant-Quality?NewHomePrice?(LeftAxis)Note:ShadingrepresentsNBERrecessions.