A Study On The Development And Affecting Factors Of Housing Mortgage Loan

In recent years, housing mortgage loan has become one of the important factors to promote housing reform and boost housing market. With the growth of housing mortgage loan balance, its proportion in the whole loan balance and in GDP becomes bigger and bigger. Housing mortgage loan has had a profound impact on residents'living as well as national economy. So, studying the developing process of housing mortgage loan, analyzing the affecting factors and pointing out the problems in developing process are meaningful to banks'healthy development as well as national economic moderate growth and residents'rational purchase of this financial product.The content and results of this paper can be concluded as five parts as follows:Firstly,the background and significance of this issue is pointed out, also, the research progress at home and abroad is analyzed, and then, the frame of the whole paper is arranged.Secondly, on the basis of introducing financial market of mortgage, the developing process of Chinese housing mortgage loan is analyzed, then, the differences between financial products and common products are contrasted.Third, this paper focuses on the supply of housing mortgage loan. Firstly, the selling part, that is financial institutions which provide mortgage, and the producing process of this financial product is analyzed, then, based on supply affecting factors'introduction, increase of the balance of housing mortgage loan is analyzed.Fourth, a multiple regression model on housing mortgage loan is developed from the demand point of view. The empirical evidence shows that housing mortgage loan is positive related with urban residents'annual disposable income and housing price, and is negative related with real interest rate.Fifth, American sub-prime mortgage crisis is focused on. Above all, the process of mortgage securitization is introduced, then, the reason and impact of sub-prime mortgage loan is analyzed, finally, what should be attended on the development of housing mortgage loan in our country is put forward according to the experience of American sub-prime mortgage crisis.