Europeans typically remain liable for unpaid mortgage debt.

很显然欧洲一些国家仍然要求对按揭贷款负责任。

I mean, half of all mortgage debt was in default.

半数的住房抵押贷款都违约了。

And back when mortgages were only for borrowers with good credit, mortgage debt was a good investment.

当抵押贷款只适用于信用良好的借款人时，抵押贷款支持证券是项不错的投资。

That meant credit agencies could still point to historical data that indicated mortgage debt was a safe bet.

这意味着信贷机构仍指着历史数据，表明抵押贷款债务稳赢。

All of a sudden, they wake up and their liabilities column is full of mortgage debt and credit card debt.

最后，他们突然发觉他们的负债项充斥着抵押债务和信用卡债务。

They think that their home is an asset but they wake up one day with a liability column full of mortgage debt and credit card debt.

他们认为他们的房子是一种资产，但有一天他们醒来时发现，负债栏满是抵押贷款债务和信用卡债务。

The leverage ratio, which limits the value of assets banks can hold relative to their capital, does not care whether the asset is super-safe Treasuries or subprime mortgage debt.

银行相对于其资本可以持有的资产价值受杠杆率限制，而它并不关心资产是超级安全的国债还是次级抵押贷款债务。

This time Americans have far less mortgage debt, but the sheer pace of price growth in residential housing suggests some buyers will face difficulties.

这一次美国人的抵押贷款债务要少得多，但住宅价格上涨的速度表明一些买家将面临困难。

Some $6.7trn of that is in bonds, mostly issued by large or mid-size public firms. Another $1.2trn is loans from banks, and $1.1trn is mortgage debt.

7 兆美元是债券， 主要由大中型上市公司发行。 另外 1. 2 兆美元是银行贷款， 其中约 6.1. 1 兆美元是抵押贷款。

With central banks now raising rates at the fastest pace in more than four decades, countries drowning in mortgage debt will once again be exposed to nasty consequences.

随着各国央行现在以四十多年来最快的速度加息，陷入抵押贷款债务的国家将再次面临严重后果。