大师作文网谁能帮我翻译下这段文字 急啊 英翻中
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谁能帮我翻译下这段文字 急啊 英翻中
The lack of industrywide data on homeownership education and counseling (HEC)programs has severely limited evaluation. In particular, very little evidence exists on the relationship between HEC completion and loan prepayment, an outcome of interest to both mortgage lenders and consumer advocates. Where mortgage prepayment directly influences the sustainability of affordable mortgage products, it also reflects the ability of underserved borrowers to access lower-cost credit through refinancing. This study uses a uniquely rich data set to examine the impact of HEC completion on prepayment
and default among borrowers receiving HEC from a variety of providers across
42 states. The loans, originated between 1999 and 2003, are observed through the first quarter of 2006, a period in which strong housing appreciation and decreasing interest rates generated substantial refinancing activity. Using a competing risks model of mortgage prepayment and default, we find that HEC programs based on classroom instruction and individual counseling improve a borrower’s exercise of the mortgage prepayment option, but that programs based on home study or telephone counseling did not affect borrower behavior. Counseling shows no effect on default propensities.
The lack of industrywide data on homeownership education and counseling (HEC)programs has severely limited evaluation. In particular, very little evidence exists on the relationship between HEC completion and loan prepayment, an outcome of interest to both mortgage lenders and consumer advocates. Where mortgage prepayment directly influences the sustainability of affordable mortgage products, it also reflects the ability of underserved borrowers to access lower-cost credit through refinancing. This study uses a uniquely rich data set to examine the impact of HEC completion on prepayment
and default among borrowers receiving HEC from a variety of providers across
42 states. The loans, originated between 1999 and 2003, are observed through the first quarter of 2006, a period in which strong housing appreciation and decreasing interest rates generated substantial refinancing activity. Using a competing risks model of mortgage prepayment and default, we find that HEC programs based on classroom instruction and individual counseling improve a borrower’s exercise of the mortgage prepayment option, but that programs based on home study or telephone counseling did not affect borrower behavior. Counseling shows no effect on default propensities.
缺乏全行业的数据上的住房拥有教育及辅导（港灯）节目已严重限制了评价.特别是,很少有证据显示,对关系港灯完成,并已预付贷款,结果在双方都感兴趣的按揭贷款者和消费者权益.如按揭预付消费,直接影响到可持续性负担得起的按揭产品,这也反映了能力不足的借款人获得成本较低的信用再贷款.本研究采用一种独特的丰富的数据集审查造成港灯完成预付消费
与违约借款人之间,港灯接收来自不同的供应商
42个国家.贷款,源于1999至2003年之间,是通过观察,2006年第一季度,期间在强劲的房地产升值和降低利率产生大量的再融资活动.用竞争风险模型的按揭预付和默认,我们发现,港灯计划的基础上的课堂教学和个别辅导,提高借款人行使抵押预付消费选择,但节目的基础上在家学习或电话咨询不影响借款人的行为.辅导表明,不会影响默认倾向 .
与违约借款人之间,港灯接收来自不同的供应商
42个国家.贷款,源于1999至2003年之间,是通过观察,2006年第一季度,期间在强劲的房地产升值和降低利率产生大量的再融资活动.用竞争风险模型的按揭预付和默认,我们发现,港灯计划的基础上的课堂教学和个别辅导,提高借款人行使抵押预付消费选择,但节目的基础上在家学习或电话咨询不影响借款人的行为.辅导表明,不会影响默认倾向 .