UC知道高人帮忙翻译一下！！比较专业的词，尽量拉！谢谢
来源：百度知道 编辑：UC知道 时间：2024/06/24 05:25:45
3.D Advantages of Mortgage Securitization
Mortgage securitization can be compared with the alternative mortgage structures we discussed earlier, namely depository institutions and mortgage banks. To simplify these comparisons, we assume that the investor demand curve for mortgage securities is horizontal, allowing us to focus solely on the benefits obtained by mortgage borrowers as determined by the level of the
mortgage interest rate. Whether or not mortgage securitization offers advantages over the alternative mortgage market structures can then be determined from a very simple test: would the institutions currently holding mortgages under the current system find it advantageous to sell some or all of their mortgages through securitization? If the answer is yes, then the amount of mortgage lending would surely expand, thus lowering the mortgage interest rates paid by borrowers.
Mortgage securitization can be compared with the alternative mortgage structures we discussed earlier, namely depository institutions and mortgage banks. To simplify these comparisons, we assume that the investor demand curve for mortgage securities is horizontal, allowing us to focus solely on the benefits obtained by mortgage borrowers as determined by the level of the
mortgage interest rate. Whether or not mortgage securitization offers advantages over the alternative mortgage market structures can then be determined from a very simple test: would the institutions currently holding mortgages under the current system find it advantageous to sell some or all of their mortgages through securitization? If the answer is yes, then the amount of mortgage lending would surely expand, thus lowering the mortgage interest rates paid by borrowers.
3.D 抵押贷款 Securitization 的利益
抵押贷款 securitization 能被与其它可能的抵押贷款结构相较，我们早地讨论, 即存储处机构和抵押贷款银行。 为了要单一化这些比较，我们承担给抵押贷款安全的投资者要求曲线是水平线, 让我们独自地把重心集中在被如水平所决定的抵押贷款借用人获得的利益那
抵押利率。是否抵押贷款 securitization 然后提供在其它可能的抵押贷款上的利益市场，结构能从一个非常简单的测试被决定: 机构会现在把持抵押贷款在现在的系统之下找卖穿过 securitization 一些或他们的全部抵押贷款是有利的? 如果答案是的，那么大量的抵押贷款借贷会当然扩张, 如此降低被借用人支付的抵押贷款利率。