Research On Mortgage Loan Risk And Preventive Mechanism Of Farmers’housing Property Right

Mortgage loan of farmers’ housing property rights is a new type of rural financial product brought about by rural financial innovation and development.It provides a new channel for the capitalization of rural factor resources.Farmers can use rural housing as collateral to finance financial institutions,thus broadening the financing channels.However,there are many risks in the actual implementation of the mortgage loan of farmers’ housing property rights,and the current risk prevention mechanism is still in its infancy,there are still many problems,which to some extent limit the policy effect of the mortgage loan of farmers’ housing property rights.Firstly,this paper discusses the demand situation and the feasibility of the implementation of the mortgage loan of farmers’ housing property rights.Secondly,this paper chooses Yiwu City,Zhejiang Province,to conduct a specific study,and analyzes the implementation environment,supply and demand situation and the cost-benefit of each main body of Yiwu farmers’ housing property mortgage loan.On this basis,it studies the risk of farmers’ housing property mortgage loan.Finally,combined with the current situation of risk prevention mechanism of Yiwu farmers’ housing property mortgage loan,the governance structure,governance characteristics and existing problems of the current risk prevention mechanism in Yiwu City are analyzed from the perspective of multi-governance,and the factors affecting the implementation effect of risk prevention mechanism are empirically analyzed by using the Ordered Probit regression model with field survey data.The above research mainly draws the following conclusions: Firstly,the mortgage loan of farmers’ housing property rights has the feasibility of landing on the ground in the aspects of laws and policies,the realization of farmers’ assets and the business development of financial institutions.The transaction costs produced by the actors of the mortgage loan of farmers’ housing property rights are different,and the transaction costs will be transferred among the subjects,thus affecting the cost-benefit of each subject.Secondly,the risk factors of rural housing property mortgage mainly lie in the lack of complete mortgage rights and the difficulty of market-oriented disposal of rural housing,which leads to a series of risks in the process of rural housing property rights and capital transfer.The current risk prevention mechanism in Yiwu mainly includes capital compensation,mortgage value evaluation,mortgage transaction circulation and credit enhancement.Guarantee to guard against risks.Thirdly,the current risk prevention mechanism is a multi-subject cooperative governance mode,but in essence,it is the government’s joint efforts with other main bodies to share and compensate the loan risks of financial institutions.From the level of financial institutions,it is difficult to assess collateral,the government’s legal basis,the difficulty of obtaining compensation funds,the status of rural credit guarantee,the mortgage rate of rural housing of financial institutions and risk prevention.The degree of understanding of the mechanism is the factor that affects the implementation effect of the risk prevention mechanism.Fourthly,the implementation of mortgage loans for farmers’ housing property rights should be based on the good environment,policies and supporting systems in the pilot areas.Finally,from the perspective of strengthening risk prevention,this paper puts forward relevant policy recommendations,which can provide some decision-making basis for the smooth implementation of the mortgage loan of farmers’ housing property rights.