v**********s 发帖数: 125 | 1 新世纪金融这样的公司跑去接单子,但实际用户用自己的房子抵押拿到的贷款时从CI
TI拿到。
还不起钱的时候,是CITI收不回贷款,那新世纪金融这样的公司不是没有什么风险
,怎么还会倒闭?
谢谢。 | f********c 发帖数: 21 | 2 That is not technically correct. Commercial banks do not hold the loans on
their balance sheet either. They normally pool the loans / mortgages
together and issue notes against them to investors. This process is called
securitization. If you want to know exactly how it works, you should read
this:
http://en.wikipedia.org/wiki/Securitization | x*c 发帖数: 294 | 3 Loan originators, like New Century, wrote wall street banks a option that
when loans would default at the very early stage, they had to buy back those
defaulted loans at par. Originators usually would reserve cash for the
option. When they have no enough cash to buy back bad loans, they are wiped
out.
Historically the early default rates were less than 0.5%. But the rate has
jumped up to 4-5% in 2006/2007. Few subprime loan originators had reserved
enough cash for the early default loan buying b |
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