...组合理论 (摩登 portfolio theory)、衍生金融工具的定价 (derivative pricing)、房屋典质贷款的证券化(mortgage securitization)和庞大的分散信贷危害的工具,如债务担保债券(cdo,collateralized debt obligation)。
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同时,买卖这些贷款的证券化市场仍然关闭。
Meanwhile, the market for securitizations backed by these loans remains all but closed.
第二节主要介绍次级抵押贷款的证券化参与主体及其内在运作机制,从而为下文分析证券化链条上各主体间的利益冲突提供铺垫。
Section Two explains the participants in the Sub-prime Mortgage securitization and the securitization operation mechanism, so that it can provide some basis for the coming analysis in the next part.
甚至包括一些证券化的基本抵押贷款。
There have even been some securitizations of prime-mortgage loans.
The collateral could be a number of things including mortgages--securitized mortgages that are risky and dangerous assets.
抵押品可是很多种东西,包括抵押贷款-证券化按揭贷款,这种有风险的,危险的资产。
Troubled banks then who have this the problem banks have now is they have these securitized mortgages that they've bought and the homeowners are defaulting on the mortgages now.
于是出于困境中的银行,现在银行的问题在于,他们持有自己买的,证券化按揭贷款,而房屋持有者却,对抵押借款拖欠。
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