Analysis Of The Securitization Of Housing Mortgage Loan

Along with the reform progress of our country housing system continuously quicken, the demand of the housing mortgage will quickly increase, this will make our country financing institution's short-term funds be used by long-term loan contradiction and funds missing problem quickly appear, and now this kind of condition has appeared in some regions of our country, the housing mortgage securitization to be used as a good the path of solution is very much deserve we to go deep into research. This paper, using the experience of the typical nation and region about housing mortgage securitization, joining together the realistic condition in our country, putting forward the strategy of developing housing mortgage securitization in our country now. The article is divided into four parts:Part one: Introduce the related theories about the housing mortgage Securitization, including the content of housing mortgage securitization, the participants, concrete operation procedure, the financial tool, and point out the realistic meaning that our country promote.Part two: Analyze the background and the motive that world housing mortgage securitization, choose the typical model nation and region such as the United States, Canada, Hong Kong to proceed the comparison, and get some experiences and apocalypses from it.Part three: Analyzing the obstacles of developing the housing mortgage securitization in our country now, including the our country housing mortgage scale is not enough big, insurance and guarantee mechanism is not sound and personal reputation mechanism is not perfect, the marketization of interest rate system is not completed, the development of institution investor is still not mature and the development of intermediate institution is not perfect, the system of law is not sound,the related accounting system and tax revenue system is lack and blank etc.Part four: Passing the analysis of the second and third part put forward the whole idea and concrete strategies in our country to develop the housing mortgage securitization.