The softening in the outlook for us consumer spending is due to a collapse in mortgage equitywithdrawal as the housing market slowdown has intensified.
美国消费者支出前景走弱，乃是因为随着房地产市场进一步降温，资产增值抵押贷款市场出现了崩盘。
2
Exclude this type of "passive" equitywithdrawal, and the pace at which Americans have been actively taking money out of their houses is lower, close to 6% of disposable income (again, see chart).
If bilateral transaction parties do not need CCB to transfer equity certificate (s), CCB then only makes payment by transfer or withdrawal of transaction fund by agreement between.