Caution Of U.S. Subordinated Debt Crisis To China Personal Home Mortgage Loan Business

In recent years,the personal housing mortgage loan is developing very rapidly in our country. Residents'mortgage has always been regarded as the bank's best asset,however,with the government policy for macro-economic since 2007,the personal mortgage business are directly affected by the macro-control. Explosion of Subordinated Debt crisis in United States has given us a serious warning,if they can not learn a lesson from that and re-examine the personal mortgage risk,systemic risk of China's financial markets may be follow in United States step. The domestic real estate mortgage loan has reached 3 trillonRMB. the total close to the United States,but that can not be ignored is that the United States has been developed over 50 years on this aspect,but China only 8 years. Regardless of personal credit system,or the bank's own awareness of risk prevention,our country is not as good as the United States. Unlike the United States and that the domestic real estate mortgage loans by banks,arising from the mortgage crisis is difficult to resolve. The domestic subprime mortgage market has not yet set up,mortgage securitization process is relatively slow,so a comprehensive review quality and risk of China's personal housing mortgage,and through the analysis of the United States sub-loan crisis,combined with our personal housing mortgage development,use it as a source of reference of China's personal housing mortgage loans,it has great significance for China's financing development.Facing this problem,the opening of this article gives a general overview of Subordinated Bonds,make a detail analysis on United States Subordinated Debt crisis procedure and introduce its explosion and developing process,also reveal its basic features.It is a systemic,global,interact with the real economy and all kinds of financial risk explosion during this period. Also introduce its remedial measures.On this basis,make a deeply analysis for the cause of subordinated bonds crisis of the United States,the immedidate cause is cyclical changes in U.S. real estate industrial and continuously raising of U.S. board of governors interest rate.the real reason is the weakness of financing tool—mortgage loan credit rating is too strictly,and lack of investgaing solvency of borrower,the other is securitization financial innovation is popular,and higher credit rating risk company; the major investment lack of fluidity,or in order to persue higher profit,excessive use of highly leveraged,resulting in tense capital,finally break the chain;at last,US agency do not control the scale and number of securities,neglect all risks. Also US office does not tighten management for rating agency. This thesis also analyzes affection of US subordinated bonds crisis to internation and our market.Then it introduced our country individual home mortgage loan's present situation,loaned the market to our country individual home mortgage loan with US market, on the basis of our actual situation,learn foreign advanced management concept and draw its lessons,this crisis give us a warning on housing mortgage loan.First,pay more attention on risk;second,scientific advance financial innovation;third,strengthen supervision to financial agency; fourth,make up limitation on information and analysis,deeply research how to determine the risk and its recompense;fifth,confirm information on assets securitization development ;sixth,pay attention to policy of industrial and interest,do not depend on the second source if repayment,marketing shoule be in moderation,do not depend on risk transfer.To the Construction Bank Jilin Province branch individual home mortgage loan's business model ,the organization construction ,the development present situation and the region characteistic and so on have carried on the analysis foundation ,combined with earlier analysis of United States Subordinated Debt crisis,and put forward detail measures against the risk , first , to strengthen analysis for macro-economy,pay attention to changes on macroeconomic situation,establish personal housing mortgage loan risk warning system and emergency mechanisms,against market and policy risks . Second,to strengthen internal control system,strengthen prudent management; Third,to develop personal housing mortgage loan risk transfer mechanisms; Fourth,to speed up financial innovation,strengthen comprehensive risk management; Fifth,improve financial operation and supervision system ,strengthen mortgage policy control; Sixth,develop and the establish of an internal rating system; seventh,improve bank credit management,prevent operation and management risk; eighth,to strengthen housing Mortgage loan interest rate risk management and fluidity management; ninth,complete law system. It is further show development for China personal mortgage business; it has great significance for its development.This article start from the United States Subordinated Debt crisis,introduce causes and affection for crisis from a signle product crisis to global economic crisis,analyze the issues of U.S. mortgage risk management form developing our mortgage business,summary its experience. Relate to practice,pay attention to timeliness,discourse and solve new problem and new situation under current economic circumstance.