时间:2019-01-09 作者:英语课 分类:VOA常速英语2007年(十二月)


英语课
By Barry Wood
Washington
03 December 2007

The Bush administration has outlined measures intended to avoid a massive and potentially politically damaging wave of home foreclosures. VOA's Barry Wood has more from Washington.


Treasury 1 Secretary Henry Paulson says the Bush administration is pursuing a comprehensive plan to help homeowners who have adjustable 2 rate loans that are expected to see a big jump in interest rates.


Speaking to a housing conference in Washington, Paulson said the government has identified several categories of sub-prime mortgage borrowers, including those who took out special loans with low interest rates for the first years.


"The fourth category is those with steady incomes and relatively 3 clean payment histories who could afford the lower introductory mortgage rate, but can not afford the higher adjusted rate. We are focusing on this group," he said.


Paulson said there will be no significant government bailout of either borrowers or lenders, but some reports say lenders may be asked to extend the low introductory rates for another year or so to help borrowers.


Economist 4 David Hale says the housing foreclosure problem is most acute in cities like Detroit, New York, Miami, and Cleveland.


"We are talking about potentially, in the year ahead, two million people with mortgages being reset 5 to higher interest rates, with the increased risk of default coming from that. It is not a huge part of the population. But it is a distinct number. You know, two million people at risk. And it is concentrated more in low-income neighborhoods than high-income neighborhoods because a sub-prime borrower is someone who has a modest income and might have had more job risk," he said.


Since a housing related credit squeeze hit U.S. financial markets in August it has become harder to obtain mortgage loans. Nationwide home prices have been declining after a five-year boom.


The inability of some borrowers to make their payments has led to a sharp rise in foreclosures and predictions of many more in 2008.




n.宝库;国库,金库;文库
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
adj.可调整的,可校准的
  • More expensive cameras have adjustable focusing.比较贵的照相机有可调焦距。
  • The chair has the virtue of being adjustable.这种椅子具有可调节的优点。
adv.比较...地,相对地
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
n.经济学家,经济专家,节俭的人
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
v.重新安排,复位;n.重新放置;重放之物
  • As soon as you arrive at your destination,step out of the aircraft and reset your wristwatch.你一到达目的地,就走出飞机并重新设置手表时间。
  • He is recovering from an operation to reset his arm.他做了一个手臂复位手术,正在恢复。
学英语单词
2-ethyl-3-methylpentanamide
absolute convex set
advt.
aliturgesy
ammonium calcium phosphate
atmospheric turbulence
autocratic rule
awance
banhammered
be no use
benzosulfonazole
body-conscious
boot-legged
bundle of skew transformations
Calicium
Chloroble Fort
chondrogen
cineols
Collingwood B.
communion service
convection drying
Cormorant L.
electrified fence
emergent
epulis granulomatosum
erthrocyte
excessive production capacity
floirats
frame-based management
friedrich august von hayeks
from the dead
gaseous fission product release rate
genus bombyxes
Gerbera maxima
graphy theory
guar meal
hail suppression
haplosporangium bisporale
head-up display windscreen
high-speed engine steam wagon
home office current
hurrens
illarionov
immediate constituent
impedance compensator
inherent buoyancy material
inoculating legume seed
intensifiers
interclonal
isotropic
Krasnopeschanyy
labrador rock (labradorite)
liver syncope
Magendie's spaces
main tracheal trunk
maldistributed
mana (polynesia)
marker character
Matsunaga Teitoku
maudlinism
mcilvenna
Melones, I.
memory address
mill pond
mode separation
msg.
narrow-gap semiconductor
narrow-leaved goosefoot
nonequals
nonirradiated
open-end method
out-of-focus image
percussus
periodic prestation
posterior orbits
pressure molding
Pulozero
punctiform lamp
rapacuronium
red-chip
Retusotriletes
reverse osmosis desaltinating
rhachiophyma
rhumbline
Sanopron
secondary data analysis
stair soffit
start back
steam spindle guide
suppliers and expense
system acquisition time
take a share in
teamsports
telsiai (telshyay)
text information retrieval system
The Drain
Uzunoba
verm(o)uth
vibromill
whipcords
wrttemberg
Yucatecan