商业报道:奥巴马经济复苏四步走

Obama's four-step rehab

President Obama announced a plan on Wednesday to help homeowners find relief and reduce the number of foreclosures .

So here's on my planned works.

First, we will make it possible for an estimated 4 to 5 million currently ineligible¹ homeowners who received their mortgages through Fannie Mae or Freddie Mac to refinance their mortgages at lower rate.

The second thing we are gonna do under this plan is we will create new incentives², so that lenders work with borrowers to modify the terms of sub-prime loans at risk of default and foreclosure.

There's a third part of the plan, we will take major steps to keep mortgage rates low for millions of middle-class families looking to secure new mortgages.

Fourth, we will pursue a wide range of reforms designed to help families stay in their homes and avoid foreclosures, and my administration will continue to support reforming our bred... bankruptcy³ rules, so that we allow judges to reduce home mortgages on primary residences to their fair market value as long as borrowers pay their debts under court ordered plans.

GLOSSARY⁴

1. ineligible adj.不合格的

2. Fannie Mae 范尼梅(美国俚语,指“联邦全国抵押协会FNMA”)

3. Freddie Mac 美国联邦住房贷款有限公司

4. refinance vt.再为...筹钱, 再供...资金

5. sub-prime loans 次级贷款

6. default n.拖欠 不履行

7. foreclosure n.丧失抵押品赎回权, 排斥

8. mortgage rates 抵押贷款率

9. a wide range of adj.各种各样的,大片的

10. bankruptcy rules 破产法

11. primary residences 主要住宅 A person's primary residence is the dwelling⁵ where they usually live, typically a house or an apartment.

1 ineligible   

adj.无资格的，不适当的

参考例句：

• The new rules have made thousands more people ineligible for legal aid.新规定使另外数千人不符合接受法律援助的资格。
• The country had been declared ineligible for World Bank lending.这个国家已被宣布没有资格获得世界银行的贷款。

2 incentives   

激励某人做某事的事物( incentive的名词复数 )； 刺激； 诱因； 动机

参考例句：

• tax incentives to encourage savings 鼓励储蓄的税收措施
• Furthermore, subsidies provide incentives only for investments in equipment. 更有甚者，提供津贴仅是为鼓励增添设备的投资。 来自英汉非文学 - 环境法 - 环境法

3 bankruptcy   

n.破产；无偿付能力

参考例句：

• You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
• His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。

4 glossary   

n.注释词表；术语汇编

参考例句：

• The text is supplemented by an adequate glossary.正文附有一个详细的词汇表。
• For convenience,we have also provided a glossary in an appendix.为了方便，我们在附录中也提供了术语表。

5 dwelling   

n.住宅，住所，寓所

参考例句：

• Those two men are dwelling with us.那两个人跟我们住在一起。
• He occupies a three-story dwelling place on the Park Street.他在派克街上有一幢3层楼的寓所。