Model Selection And Improvement Of Residential Mortgage-backed Securities In China

As the reformation for residential regulations developing, business of realty grow up rapidly in china, the civilians' enthusiasm of purchasing realty arising which leading to rapidly increasing of the need of realty mortgage loan, individual realty mortgage loan occupies the largest proportion of many bank's loan, also the more rapidly the realty mortgage loan increasing the more dangerous for the bank's flowing fund, so the development of Mortgage-backed securitization(MBS) is important for the bank and the investor. Based on the research of the MBS theory, the author analyzed the development of the real estate economy in china, also refer to the experience of other countries' MBS model, then the author proposes a comfortable MBS model for our country to satisfy the need of the fund gathering in real estate industry according to the finance system, market environment and law situation, so give some valuable guide and help to establish a standard MBS system.Chapter1 explains the research background of the MBS of our country mainly, introduces main content, research approach and research meaning.Chapter2 explains the theory of MBS.Chapter3 summarizes the experiences of other country's MBS, especially presents the influence of the American sub-prime mortgage crisis on mortgage-backed securitization.Chapter4 summarizes the potential risks of MBS and expounds the valuation methods for MBS.Chapter5 presents the status of the MBS in china and figures out some problems of the development of Chinese MBS.Chapter6 designs a conformable MBS model for china according to the transition MBS model also gives many suggestions for the development of Chinese MBS.