¿Cómo se dice en español 'subprime mortgage'?
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10 Answers
Tomando en cuenta la crisis económica en que nos encontramos mundialmente, y por los criminales que la siguen dirigiendo, la traducción adecuada de "subprime mortgage" sería "hipoteca de la mierda."
From this site: Hipoteca de alto riesgo. Hipoteca :mortgage
The government backed the bad debts.. very few investors lost it all. Only one institution went under and they were the crookedest, but all the banks were engaging in these predatory practices. Of course, where did the money come from that the government used to back the bad debts.. that's right, the tax payers!
Who takes out a mortgage and pays maybe their life savings down expecting they will loose it all?
Yes the returns to investors were not what they were expecting due to falling valuations, but every investor knows they take a risk..should have done some research. The signs were all there.
The victims were homeowners and taxpayers.
Actually the way that subprime mortgages worked was like this:lenders gave loans to high risk borrowers ,then :bundled up" these loans and sold them to investors.The ones who lost money were the investors who thought that they were making a good investment in real estate.Oftentimes those investors were pension funds etc....regular people who lost their retirement savings .
@ coolclay
- I saw on a yahoo poll that out of this list of past presidents people would want to get us out of the economic crisis, Reagan of all people won.
Wait, you all mean the guy who massively de-regulated the economy which eventually led to the sub-prime mortgage fiasco is the one who will fix everything?? Oooohhhh-kaaaaay. How about we nominate the president of Twix candy bars to head up the council for food nutrition while we're at it?
People hear deregulation of the economy and think, yay, a victory for free market. Free market is FREEDOM! We live in the USA, home of the free, I'm all for this! What they don't know is that all it does is just gives freedom to big-business/corporations to do whatever they want, and for things like the sub-prime mortgage crisis to occur in the latter half of the 2000's. That freedom stuff you hear about is actually just power for big-business/corp. to take away your choices, YOUR freedoms.
Think twice when you hear that crap again. I saw some vids of these guys promoting the dereg. measures from back in the day..and they kept mixing in the concept of 'freedom' knowing the public would gulp it up. I kept hearing things like 'Yea, I as a 'FREE' person, believe in having a 'FREE' market, because I believe in 'FREE-dom'.
-Charlius-
Most English speakers don't know what a sub-prime mortgage is.. good luck getting an accurate Spanish translation.
When you think about it, there is more money in bad mortgages than good. Supposing you loaned somebody money to buy a house and they put down $20,000 and could not pay, you foreclose on the house and keep the $20,0000 then sell it to someone else and collect another $20,000.
That's the thing with Wall Street. When I used to hear the word 'Wall Street', I thought of money being moved around, buy, sell, blah blah.
What a lot of people don't know is that the same thing can be done with 'debt'. Whaa?? Trading debt? People can make money off you being in debt and not being able to pay..how messed up is that? And as for the sub-prime thing, not only could they make money off people in this way, that's exactly what they were hoping for and sought out to do exactly this.
Grr, honestly, I'm not mad with capitalism. Capitalism is IMO, the lesser of the evils of the available economic systems experimented with in recent history. We are just seeing the inherent problems in any monetary system in which first and foremost, the currency (our dollars) represents no actual thing in the real world exacerbated by a system that only seeks growth (more more more) and mindless consumerism. Really, I see the only solution to all of these problems being the implementation of a moneyless system. Call me a dreamer I know..but I know I'm not the only one, haha. Actually, maybe not so much a dreamer. Once things get so bad, maybe wait for around a 40% world-wide unemployment rate with the banks not being able to fulfill their clients' withdrawal requests - there will be this popular economic revolution.
-Charlius-
A free market is one thing but what these financial businesses did was a crime. It has nothing to do with free market. They lied to people about rates about affordability of mortgages. Along with hidden fees and hidden rate increases. They sold mortgages to people who had no way to pay.
When I heard the term "Sub prime mortgage" I thought that's not so bad that they are lending below the recommended rate for mortgages known as the "Prime Rate" In the past this was a common practice for secured mortgages... I was wrong it does not mean that!
The term sub-prime-mortgage refers to the income rating of the people securing the loan as being possibly not able to pay.
This is fraud and they should have all gone to jail. Americans should be upset.
Greed greed greed.
As far as presidents..I think Obama is good the problem is war spending bank fraud and loss of core manufacturing as well as many other factors have put the US up poo creek. Blame Bush for that.
Now on top of that add in political infighting by the other parties who don't care about what is good for the people and only want to get elected, fill their pockets and so oppose anything that might help just to make Obama look bad.
It is a sad situation.
También: Créditos hipotecarios de alto riesgo, casi igual...pero sí quiere significar créditos con una alta probabilidad de impago....
