If defaults on mortgages were uncorrelated, then the Bistro structure should be safe for mortgage risk, but if they were highly correlated, it might be catastrophically dangerous.

如果抵押的违约是没有相关性的，则小酒馆结构对于违约风险来说是安全的，但是如果它们高度相关，那么就可能会有灾难性的危险。

youdao

The economy is booming, but Americans cannot get mortgages because some pen-pusher in Basel says the banks are taking too much risk.

经济繁荣，但由于巴塞尔的部分工作人员认为银行承受了太高风险而使美国无法获得按揭贷款。

youdao

That has undoubted appeal for policymakers in countries where floating-rate mortgages expose borrowers to the risk of payment shocks as rates rise.

对于那些采取浮动利率抵押贷款，利率增加时贷款人面临支付成本上升的国家的政策制定者来说，这无疑具有吸引力。

youdao

Alt A loans are somewhat in-between prime and subprime mortgages on the risk scale.

NPR: Mortgage Crisis Spreads To Conventional Loans

Thus, when home prices plunged, many of those mortgages became at risk as well.

FORBES: Financial Crisis: Clinton Rooted, Bush Fed, Obama Watered

Once-stodgy institutions were dabbling in exotic new securities based on high-risk mortgages, leaving them exposed when the housing bubble collapsed.

WSJ: Loyalty Pays a Bitter Dividend