Study On Our Country's Housing Mortgage Market Innovation

How to consummate our country's mortgage market and perform its function on promoting housing consumption,pulling economic increase and ensuring a health development of real estate is an important research topic in the housing finance field.This paper begins with present situation analysis of our country's mortgage market,then based on American experience and our condition, do much research on how to consummate our mortgage market and solution questiones existed in the market by innovation.Revolving this theme,this paper mainly studys mortgage market innovation,system innovation,mechanism innovation,organization innovation and tool innovation.Market innovation is mainly about consummation of mortgage insurance market and establishment of secondary mortgage market.System innovation involves correlative laws and regulations,individual credict system,mortgage insurance and mortgage securities system.Mechanism innovation is mainly about mortgage insurance mechanism and mortgage securities mechanism.Organization innovation involves mortgage insurance organization and mortgage securities organization.Tool innovation involves mortgage tools,mortgage insurance tools and mortgage securities tools.This paper's elaboration follows such route as condition analysis-experience reference - innovation suggestion.To system,organization and mechanism innovation,qualitative methods is used to give innovation suggestion and design operation process.To tool innovation,quantitative motheds is used to establish several main model as repayment model and insurance fee model.Simultaneously,contrast motheds is frequently used to research differet patterns,organizations and tools in order to make our country's innovation choice.The goal of this research is to consummate our country's mortgage market and establish a completed market which is composed of two markets(primary market and secondary market),four kinds of organization(mortgage,mortgage insurance and mortgage securities organization),three kinds of tools(mortgage,insurance and securities tools) and all kinds of laws and regulations.