Ⅰ. Introduction
MORTGAGE lending is hardly the raciest business, but it has its moments. “It's a bit like the definition of combat: 59 minutes of boredom followed by a minute of sheer terror,” says Michael Youngblood, an analyst at Friedman, Billings, Ramsey, an investment bank.
figure 1. a protester carrying a slogan
World Financial Crisis in 2007 was originated from subprime mor
Ⅰ. Introduction
MORTGAGE lending is hardly the raciest business, but it has its moments. “It's a bit like the definition of combat: 59 minutes of boredom followed by a minute of sheer terror,” says Michael Youngblood, an analyst at Friedman, Billings, Ramsey, an investment bank.
figure 1. a protester carrying a slogan
World Financial Crisis in 2007 was originated from subprime mor
of China’s fast growing economy and the high deposit level in banks, housing prices continued to surge.
In 2007, tighter financing policies were implemented. The central bank raised lending rates by six times during the year, directly increasing the burden of housing mortgage loans. The central bank also raised the interest rate for residential property loans in August of the same year.
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of $3.8 billion, its first net loss for a year since it started reporting the result in 1963. Nissan has been on track for a $2.8 billion loss. Honda expects profit, but with operating profit down 81.1%. In third-quarter, the combined US sales of Japan’s Big 3 fell by 36% from the quarter a year ago. Worldwide recession had bad influence on whole automotive industry and Japanese companies are
of this huge territory, there is an 11-hour time difference between East and West.
2) Climate
The huge territory of Russia also makes a various climate zone. Basically, Russia has continental climate which is a climate characterized by very long cold winter and short cool summer. An annual range varies in different localities in a large scale. An average temperature of winter is -10℃ and tha