The Empirical Study Of The Default Risk Of Housing Mortgage About The Housing Accumulation Fund Center In X City

With the rapid increasing of reform on town housing system, more and more people need to buy commercial house for inhabitancy. Because house is expensive consumable, many people attain the funds of buying house through financial institution. In order to help middle-lower earning people buy their own house, the country pushes the system of housing accumulation fund. Now the housing mortgage loan of housing accumulation fund is the main way of using housing accumulation fund. So it is necessary to study the potential risk of the housing accumulation fundIn developed countries, financial institutions have already had a history of more than one hundred years to lend residential mortgages, and this business is very mature. Correspondingly, scholars of these countries have carried on a lot of theoretic and empirical researches to probe into residential mortgage default risk, and achievements in those researches are very abundant. Those achievements offer some theoretical reference for choosing variables and quantization of this research. In this paper, 254 normal loan samples and 66 default loan samples are collected, so the total capacity of the samples is 320. SPSS12.0 software is used to do Factor Analysis, Discriminant Analysis by using those investigated data. The paper regards the determinants of residential mortgage default risk as research object, and attempts to identify the major determinants. This research will help the housing accumulation fund center in X city build theoretic and technological foundation to reduce default risk at the beginning of residential mortgages lending.Based on literatures reading, empirical research and after combining foreign experience and residential mortgage default risk management status, the paper gives some proposals on how to strengthen and improve the management of default risk. From the housing accumulation fund center's point of view, they should do a good job of the following three respects at present: First, taking precautions consciousness against default risk; Second, improve the management skill of default risk; Third, carrying on the reformation of operation flow, and improving the mechanism of interior control.