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The Research In Mortgage Backed Securitization And Countermeasures To Credit Risk

Posted on:2007-08-28Degree:MasterType:Thesis
Country:ChinaCandidate:H X LiuFull Text:PDF
GTID:2179360185962699Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
With the development of science and economy, the balance of home mortgage is increasing rapidly. According to the increasing rapidity, the banks can't meet the increasing demand of home mortgage, for there are some essential limitations in the traditional model of loan, such as lack of money, and the limited recourse, "to provide a loan according to saving" or" short term deposit for long term loan ", this model obviously can't meet the huge potential demand. With the further opening of capital market, the competition would be more drastic; but now the system of financial market is far from prefect, the risks are almost in banks, the capital market still can't bring into play. Neither according to the view of solving the capital bottleneck, nor to promote the reform of financiaK housing, to improve the financial organizations' capability to anti risks, mortgage backed securitization is the best choice. But there're many risks, the most critical risk is the credit risk that caused by borrowers' and the third party's default. It relates to the investor's interest and the development of Mortgage Backed Securitization.In this paper, the research subject is Mortgage Backed Securitization and it's credit risk. It's hoped that after an in-depth study, the effect methods to reduce the loss that caused by credit risk can be found. The paper can be distributed into four parts. In chapter 1, the concept , the...
Keywords/Search Tags:Mortgage Backed Securitization(MBS), credit risk, individual credit, risk control
PDF Full Text Request
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