The HOLC said, don't worry if they don't pay, we'll pay.

房主贷款公司说,别担心,如果房主不还款,我们来还

耶鲁公开课 - 金融市场课程节选

Then they deal with the households by having a local office and telling people what their balance is and calling them up if they're not paying and that sort of thing.

他们还会建立地方办公室,以便处理后续事宜,告知人们,他们的贷款余额,如果没有按时还款,就给他们打电话,以及类似的事情

耶鲁公开课 - 金融市场课程节选

Your mortgage payment is constant through time but the fraction of it that goes to paying off principal versus interest changes through time and it just changes as dictated by this formula.

抵押贷款每月还款是固定的,但是其中本金和利息的比例关系,会随时间而改变,这是由这个公式所决定的

耶鲁公开课 - 金融市场课程节选

If they quote the rate on the mortgage, call that r Traditionally you would be paying monthly.

如果给定贷款利率,记为r,通常你是每月还款

耶鲁公开课 - 金融市场课程节选