NPR
PLANET MONEY
Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes
*out of blue 난데없이, 갑자기
They can't just call you up out of the blue and demand money.
*freedom of information (정부 보유) 정보 열람의 자유
So we kept digging - filed freedom of information requests.
*dormant 휴면기의, 활동을 중단한
We found at least 500 people facing foreclosure from what appear to be long, dormant zombie second mortgages.
*cryptic 수수께끼 같은, 아리송한
And companies with more cryptic names like BCMB1 Trust, FirstKey, LLC, and ARC Private Equity.
*niche 아주 편한[꼭 맞는] 자리[역할/일 등] , (시장의) 틈새
David occupies a particular niche in all this.
I'm not looking to take anybody's home. I want to make that clear.
*run-up (중요 행사의) 준비[준비 기간]
The zombie mortgage problem was created during the run-up to the financial crisis of 2008.
*default (특히 채무를) 이행하지[변제하지] 않다, 체납하다
People started to default on their mortgages.
*on the brink of …의 직전에
*go under 가라앉다, 도산[파산]하다
Morgan Stanley was on the brink of going under.
*putt-putt golf - miniature golf
We were playing literally putt-putt golf on a trading desk for about six weeks.
*putt-putt golf - miniature golf
We all knew it was gonna happen. It was a matter of when.
The mortgage industry was wrecked.
*on fire sale 폭탄 세일
They were on fire sale.
There is a great opportunity to have a good business.
*explicitly 명쾌하게
She says she'd been told explicitly that she didn't need to worry about that second mortgage.
*dodgy 의심스러운, 부실한, 위태로운
They were throwing bundles of dodgy mortgages overboard.
*aha moment 아하 하는 깨달음의 순간
I had the aha moment.
*relentless 끈질긴
Once they come back to life, they are relentless.
*cower 몸을 숙이다, 웅크리다
You can cower in your home.
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