Subprime mortgages. This book is from.

Many people may have heard of the subprime mortgage crisis, but it is estimated that few people know what a subprime mortgage is.

Generally speaking, the full name of "subprime mortgage" is "subprime mortgage." "Refers to loans provided by some lending institutions to borrowers with poor credit and low incomes. If this is placed in China, it is similar to those usury in the private sector. They don't need much collateral from the lender, and some have no collateral.

Such loans, for generations to come, have been prevalent in the United States.

Moreover, such loans can help the rapid development of the U.S. economy when the crisis does not break out, and when no one defaults. However, if the economy is not strong. For example, house prices began to fall, and continued to fall. Well, for this one subprime mortgage, it is more dangerous. Because a large number of people will default, two well-known real estate mortgage giants in the United States, Freddie Mac and Fannie Mae, went bankrupt in the following year, and were finally acquired by the U.S. government, which is the most typical crisis event.

Of course, if it only hurts one or two companies like Freddie Mac and Fannie Mae, it won't make a difference. However, because of the subprime loan crisis, he has hit the whole world. In particular, a large number of small and medium-sized banks and some financial institutions or insurance companies have gone bankrupt one after another." At this point, the subprime mortgage crisis caused by subprime mortgages in the United States has swept the world for a while.

Now, for the United States, the scale of subprime mortgages is not very large. Moreover, the economy of the whole world is doing well right now. Therefore, the subprime mortgage crisis did not break out because the Americans respect the market economy in the management of the economy. Governments, in general, do not participate in the economic market. Unless, in special times, such as when the country's economy is in crisis, the U.S. government will intervene. So. Even if they recognize the dangers of subprime mortgages, they may not be aware of the consequences...... So, after a few years, the subprime mortgage scale accumulated deeper and deeper, and finally, when the economy was weak, it finally exploded.

"Subprime mortgage?"

"Yes."

Chen Jia nodded, and then said, "For the U.S. government, they will definitely welcome us to join." ”

After all, if there is money to lend money to civilians, even if they end up losing their own money, civilians have no money to repay, and it is not American companies that lose their money. And there are a lot of laws in the United States, and you can't use some other means to force civilians to pay back. Of course, when he has money, he will naturally pay it back, and when he doesn't have money, you can't do anything about him.

"I'm afraid it's more dangerous."

"For many people, the crude oil market, the gold market, is also very risky. But for us, he's full of opportunities. And for subprime mortgages, it's the same. As long as we do it well, a lot of high-risk content can all be hidden in the sun. Of course, in the end, we have to exit safely in the sun. ”

Chen Jiayi has studied economics for so long, and it is not in vain. In addition, he has a lot of vision in later generations, plus his own understanding of the economy. Chen Jiayi is now much more powerful than any economics master in the world.

"Let me think?"

At this time, He Chong thought about it.

Although the Tang Dynasty Quantum Fund has not been engaged in the subprime mortgage industry, but those who are engaged in economic finance, they have a deep understanding of a lot of economic finance. Moreover, the economic principles are the same, 5 minutes later, He Chong replied, "I think the operation may be a little difficult" He Chong is still not too sure.

"Huh."

Chen Jia smiled, but it was clear. After all, there's a whole lot of risk associated with this line of work. Moreover, if you don't know how to operate, it seems a little unwise to spend countless funds on this for a little profit.

"What do you think of the U.S. real estate market right now?

At this time, Chen Jiayi suddenly changed the topic again.

"Very good, our Tang Dynasty Quantum Fund also has real estate investment projects, and the income is very good."

"That's right, since the real estate market is very good, how many years do you think the real estate in the United States can last?"

"With the current economy, the real estate industry in the United States can remain hot for at least three years."

Although He Chong didn't understand why Chen Jiayi asked this, he still replied.

"If someone lends a lot of money in the United States, will these lenders go to flip houses?"

"This ......"

Hearing this, He Chong seemed to understand all of a sudden.

That's right, these lenders, even if they make the money on their behalf, don't have the cash to repay it in the end. However, as the property has increased in value, they can continue to take out loans to repay the interest and principal. As long as the real estate market is hot, then this kind of loan method can continue forever," I see. ”

He Chong got Chen Jiayi's guidance and suddenly came to his senses.

"Okay, you can take care of this matter."

"Okay, no problem."

Subsequently, the two broke off the phone.

He Chong immediately came to the headquarters of the Tang Dynasty Quantum Fund and convened a secret meeting.

After the meeting, Tang Dynasty Quantum Fund established a credit institution, whose main business is real estate lending.

United States.

"Ao'er" is an unemployed guy in the United States who has not been employed for 3 months. Fortunately, the U.S. government's subsidies for the unemployed have been paid in the past, so "Ao'er" can still live. However, Ao'er, who received the minimum subsidy, was very poor. He likes to go to Di Bar and sip beer with his friends...... However, because of the unemployed, these activities that used to seem ordinary are now extravagant.

"Money, money, money...... Why would I be a poor person. ”

On this day, Ao'er, who really had no money, was furious.

He was dissatisfied with the fact that a large number of rich people were spending their time there, and he could only watch their light and shadow.

He is dissatisfied with a large number of people who have a series of famous cars, and countless buildings, and he simply has nothing.

He doesn't like it even more, those upper-class people hug different female companions every day, and he himself can only summon the street girl. Moreover, now for him, summoning the street girl seems to be a luxury enjoyment.

"Tang Dynasty Loan Center?"

Walking down the street, I suddenly saw a loan center in front of me.

What?

This Tang Dynasty seems to be Chinese. In the end, Ao'er set her sights on the loan.

It's just that he didn't dare to step forward. Because, he has a record of many bad loans, which is not the most important thing. If you don't have good credit, you can still get a loan. The most important thing is that Ao'er is unemployed. He is an unemployed young man, and any lending institution, they will not open the door to unemployed young people.

It's just that Ao'er, who is extremely poor, doesn't know what's wrong today, so he straightened his clothes and entered this loan center.

"Hello sir, is there anything you can help with?"

"Oh......"

Seeing a beautiful blonde, Ao'er was almost startled. However, he remembers that he is now here for a loan, that is, their customer. Although, this doesn't necessarily work out. However, since it's here, let's take a look. Hard-headed, Ao'er said, "I'm here to handle the loan business......"

"Okay, you come with me."

The blonde did not despise or despise Ao'er because of her shabby clothes, but took Ao'er to an office window mountain in a friendly way, which made Chazhan Ao'er think that it was not her hero's appearance that fascinated this beauty. However, at the prompting of the window staff, he disrupted this kind of thinking.

"Hello, are you taking out a loan to buy a house?"

"Ahh Yes, it is. ”

Although Ao'er didn't plan to buy a house, I just wanted to come here to cheat a little money, if God gave him a chance.

"Okay, how much does your monthly income be?"

"This ......"

Ao'er blushed suddenly, he was leading the government's subsistence allowance.

"$100,100 ......"

Who said that those who receive government subsistence allowance do not have a monthly income, look, Ao'er's monthly income is exactly 'four dollars.' Although, when he said, 'Tian Dollar, Ao'er was eager to find a hole in the ground to drill into. Yes. He had retreated now, and he knew that the other party's beautiful woman must be laughing in his heart. She would think that the madman from somewhere, nothing to run here.

However, strangely, the other party did not feel strange, but continued to ask, "Then what kind of work are you doing now?" ”

"Well, I just changed jobs, but don't worry, I'll be able to get a job soon. And, at one time, I worked as a manager in a hotel and earned more than $10,000 a month. ””

Ao'er tried to brag as much as she could.

"So you're unemployed now?"

The staff on the other side was not deceived by Ao'er, but said directly.

"Well, temporarily unemployed."

Ao'er felt helpless.

In fact, in his opinion, why would an outstanding young man like himself be unemployed?

In the dream, he should be standing on the highest floor of the city, leisurely drinking wine, and then, looking at the one under his feet.

"Okay, I'll help you record it."

"Wouldn't it, so seriously?"

Ao'er wiped his eyes, he couldn't believe it, this was still recorded. This would be if in "Freddie Mac." "Their staff, they have already kicked themselves out. Could it be that you are dreaming today? "It's been recorded, hello, excuse me, how many dollars would you like to borrow." ”

, "Million." ”

I was about to say, 'Wan, but Ao'er immediately denied it.

Anyway, I'm here to cheat money, so let's shout a little more, "$100,000, I want to borrow $100,000." ”

“OK”

The staff recorded the documents and handed them to Ao'er, saying, "If there are no problems, you will be notified in three days." ”

"Thank you, I would like to ask, in 3 days, what notification will I receive?"

It can't be a psychiatric notice.

Actually, I'm not mentally ill, and I'm here today just for fun, so don't take it seriously.

"Of course, it's a notice that the payment has been approved?"

"Ah, I can get a $100,000 loan?"

"Yes, you can borrow $100,000 if nothing else.

In the following time, Ao'er walked out of the Tang Dynasty loan center in a daze, and spent three days very bored. It's just that he didn't expect that after three days, after he thought that those guys were joking with him and had long forgotten about the loan, the Tang Dynasty Loan Center sent a letter, which read, "Your loan has been approved, and $100,000 has been credited to your bank account." ”

"God, you're not kidding, are you?"

When I went to the bank to check an account, it was 5 0s, yes, 100,000 US dollars.

Oh my God, I got a $100,000 loan.

"Osan" is an American.

On this day, Ousan was helplessly wandering the streets. He interviewed a few companies just now, and he didn't seem to have much hope. Just as he was about to go home in despair, a voice sounded from behind him, "Hey, Osan, what are you going to do?" ”

Osang looked back and found that it was his old friend, "Ao'er." ”

Like Ossan, Ao'er is an unemployed young man. It's just that he looks back now and suddenly realizes how this guy is so radiant. Moreover, a famous brand, from the perspective of Ou Sang, the whole body is worth a lot.

"Huh, what's going on?"

Isn't this guy lucky? Even if you get a good job, you can't get rich so quickly.

"Oh my God, Ao'er, where did you get rich, why didn't you call your brother to go, it wouldn't be a rich woman."

Ao'er is okay, and his body is good, and it is really possible to be raised by some fat women. This made Ou Sang a little depressed, compared with Ao Er, he didn't seem to even have the qualifications to be raised, which made Ou Sang a little red-eyed.

"Haha, I also want to be raised, but in this world, there are only a few rich women, who can look up to me. One

Ao Er was not angry at all at Ou Sang's words, but joked, and it seemed that he was in a very happy mood.

"So, which company is you valued?"

Osang thinks about it too.

They are in a small town in the United States, although there are rich women, but there are only a few, and she can still support dozens of them.

“NO,NO,NO……”

"Why?"

"Well, let me tell you, actually, I was looking for you today to talk about it."

Later, Au'er told Osang everything. It turned out that Ao'er had recently made a fortune, not because he was supported by a rich woman, because he was not valued by any company, and because he didn't win the lottery and won the jackpot, but because he used a loan to buy a house.

"Oh my God, will Freddie Mac and Fannie Mae lend us money to buy a house?"

Although Freddie Mac and Fannie Mae also offer subprime loans, even if you have a lower credit and a lower income. However, they don't give loans to the unemployed, because it means taking money to blister. Probably, they can't afford it in their lifetime. You see, a whole bunch of people who can afford to repay their loans, how many of them are unemployed?

"yes, I don't believe it either. However, not long ago, Tang Dynasty Quantum Fund set up a real estate lending institution. I took the opportunity to be a dead horse as a live horse doctor, so I gave it a try. As a result, I actually got a loan. Did you know that as long as the other party only needed some copies of my documents and signed some contracts, I easily took a loan of $100,000. ”

Thinking of the situation that day, Ao'er was excited.

He felt that happiness really fell from the sky, and the $100,000 was like falling from the sky.

"And then, you're going to get rich?"

"No, no, it's far from that simple."

I took out a $100,000 loan, but, you know, we're all poor, and if you spend that $100,000 casually, they're going to be a poor guy sooner or later. This time, I figured it out. Before, we didn't have the capital, we couldn't even buy a house. But now it's different, although $100,000 is not a lot, but I used that $100,000 to buy a house recently. Although, the house is small. But, you know, house prices are going up like crazy right now. A week ago, when I bought it, it was only $1,000, and now it's up to $1,200.

A week ......, so, I quickly mortgaged this set, this time, I went to the "Freddie Mac" company, in the case of I have a house, Freddie Mac is very easy, no need for many documents, so I took out a loan of money dagger Well, yes, I can tell you, I now have two houses. Recently, I was thinking about whether to sell one of them and pay back the money from the Tang Dynasty loan. If I have the chance, I can strike again......

"Oh my God, you can still ...... like this, quick, Ao'er, take me there, I need a loan too."

'Well, I didn't want to tell anyone. But who called you my good brother, let's go... I'll take you. ”

Subsequently, the two came to the Tang Dynasty Loan Center again.

All of them went well, and after Ao'er had an experience, this time, Ou Sang, like himself, borrowed $100,000.

"Ao'er, you're my God, oh my God, hit me and see if I'm dreaming today."

"No, I'm not dreaming today, although a few days ago, I thought it was a dream."

"Hey, okay, my friend, today I'm going to take you to the best restaurant in the city, and we're going to have a dashing trip."

"No, my friend, I say to you, we can't do that now."

At this time, Ao'er said to Osang very seriously.

“… Why, you know, I'm so grateful to you today. ”

"Well, I know, Osan. But, my friend, you know. We can't live like before, before, we didn't have capital, we were all messing around. But now we have $100,000, which isn't a lot of money, but $100,000 is enough for us to do a lot of business. Otherwise, as soon as the $100,000 is used up, tomorrow, maybe we will still be poor, or maybe we will still be unemployed, do you think the Tang Dynasty Loan Center will continue to lend us money? Definitely not, so we're going to have to make good use of that money. ”

"Sounds like you're right."

"Yes, I've got you spotted a property right now, it's in a good location. I believe that after buying this property, it won't be long before he will continue to ,—。 ”

"OK, I'll listen to you. Actually, I've wanted to flip a house for a long time. It's just that before, I could only watch others fry. Now, well, let's two brothers, start with $100,000... In the future, we will definitely be super-rich. ”

This situation is still playing out in many parts of the United States.

Moreover, due to the entry of the Tang Dynasty Quantum Fund, a large amount of money poured into the market. And a lot of these funds have been turned to insurance, stocks, and real estate. And because, due to the development of the world economy, all events are rising wildly, including stocks, houses... Many borrowers have made a lot of money.

This phenomenon has greatly stimulated U.S. lending institutions. They see the important role that money plays in economic activity. All of a sudden, a large number of lenders began to get involved in the "subprime mortgage" industry. Moreover, a lot of thresholds, a series of lowering, so that the whole United States has also become crazy with the participation of so many banks and financial institutions.

Even, the U.S. economy has gradually improved because of the participation of funds in these activities and people's frenzied investment.

It's all beautiful.

However, Chen Jiayi, who was hiding on the side, he understood.

To make people perish, you have to make them mad, well, let them go crazy for two or three years. (To be continued.)