The Background of Financial crisis
- 최초 등록일
- 2009.12.08
- 최종 저작일
- 2009.11
- 2페이지/
MS 워드
- 가격 1,500원
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소개글
영어 레포트 입니다. Financial crisis 주로 Sub-prime mortgage loan문제에 관해 썼습니다.
목차
The Background of Financial crisis
1. What is a “Subprime” mortgage?
2. Relation between 9.11 and Subprime mortgage
3. Why Subprime mortgage problem spread out to the whole world?
본문내용
1. What is a “Subprime” mortgage?
Subprime mortgage is a sort of bond. Mortgage loan in U.S. is separated in three financial products. The first one is ‘Prime Mortgage Loan’ for high credit grade person. The second one is ‘Alt-A Mortgage Loan’ for middle credit grade person. The third one is ‘Subprime Mortgage Loan’ for low credit grade person. Subprime mortgage loan is used by borrowers who have a record of overdue or have been ability to repay, It accounts for 25% of mortgage loan market.
2. Relation between 9.11 and Subprime mortgage
Because I.T. bubble did burst early in 2000, NASDQ is sharply declined. By this influence, NASDAQ point went down from 5046 to 1638. Many firms went bankrupt and rate of economic growth is slammed. Federal Reserve makes lowered the rate of interest to 1% from 6% to revive the snowy economy
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