▶ Your Answer :
In the lecture, the professor casts doubt on the reading passage's argument that subprime mortage has positive effects on society and individuals.
Firstly, the lecturer points out that it is high risk for the poor to pay back, while the poor can get financial support from bank. Accoridng to the lecture, people who usually use subprime mortage loans have poor financial and academic background and thus, they can't afford to high interest rate.
Secondly, the speaker is skeptical about the reading passage's opinion that subprime mortage loans encourage real estate market to boost. According to him, many subprime loans aren't paied paid back properly and thus it ends up ruining real estate market.
Finally, the lecturer argues that If many people with poor financial backgrouds take subprime mortage loans, security firms struggle to receive money, whereas the reading passage mentions that security firms also get benefits from subprime mortage loans.
To sum up, the lectuer disagree with reading passage's argument that subprime mortage loans have advantagees. |