The Analysis Of The Way To Fix The Price For The Mortgage-backed Securities And Its Practical Operation In China

After years of preparation, the mortgage-backed securitization will be put forward this year in China, and how to fix a price for these special securities? Other countries have accumulated a great number of statistic data, got many research results, and set up various patterns of fixed price in this aspect, however, whether the result is applicable to China is still a question as there lies great differences in the housing and finance system between China and others. To solve this problem, the writer discusses the applicability of the research result in China and tries to find out a way to fix the price for the mortgage-backed securities in the commercial bank by analyzing the housing and finance system of China and the corresponding statistics of some commercial bank in our country. This article is divided into five chapters, brief introductions as follows: Chapter 1 is the summarization of this research. The chapter introduces the researched background of the housing and finance, leads to the topic and the topic's practical sense, and outlines the research frame of this article. Chapter 2 is concerned about mortgage-backed securities summarization.This chapter stresses the basic meaning, division and applicable analysis of the mortgage-backed securitization.Chapter 3 is concerned about MBS basic theory of the fixed price. This chapter introduces the basic theory of the MBS fixed price in foreign countries nowadays. Firstly, it analyzes the important factors that influence the MBS price, which includes the special influent factor for MBS----the advanced liquidation ratio. Secondly, it introduces several factors that influence the advanced liquidation, including the interest rate of the current mortgage loan, the loan...