The Risk Management Study Of China's Mortgage Backed Securitization

Risks and benefits of long-lasting financial market is always the same proposition, in control of the financial research in the field of context. People in order to effectively reduce risks and increase revenue continued to conduct financial innovation, new financial instruments continue to emerge, asset-backed securitization is one of a wonderful work. As a financial instruments, asset-backed securities and other financial instruments were all the risks and benefits of the combination. As mortgage-backed securitization process more complicated, the need to complete the whole process of multiple participants, each participant may be risks, these risks may come from existing stock of the process itself, there are likely to come from investment securities products. In view of China's financial markets, the rule of law and social environment and Western developed countries still have large gaps in China's Mortgage-Backed Securitization of risk may have more developed Western countries. Therefore, the present reality, in 2007 with the outbreak of the crisis in the United States The Sub-prime Loan Crisis, in-depth study of China's housing mortgage loan securitization of the risk and control issues, not only of great theoretical significance, but also has important practical significance.This paper first focus on mortgage-backed securities on the basic theory, introduced mortgage-backed securitization process and product risk investment risks, one by one the meaning of risk analysis, characteristics, causes and effects of factors. On this basis, the combination of China's Mortgage-Backed Securitization of the obstacles and risk factors, in the present reality, China's housing mortgage loan securitization may face the risk. China's implementation of mortgage securities of the major risk not only on the risk of operational procedures, the financial system is imperfect, underdeveloped financial markets caused by credit risk, mortgage market Sound caused by the early repayment of risk analysis, securities of the operation risk and investors caused by the irrational structure of the liquidity risk. Through the above risk analysis, with the United States in 2007 The sub-prime loan crisis to the Chinese inspiration and influence, this paper presents the development of mortgage securities business of risk management measures, including: mortgage securities of the unique risk management, securities and financial institutions Business management, mortgage-related securities and financial systems design, mortgage securities and supporting systems management.