The Mode And Product Research Of Mortgage Backed Securitization In China

As a tool of finance, the mortgage backed securitization products are the very important carriers for the process of the mortgages securitization. Mortgage Backed Securitization is a main style of Asset Securitization. It is a process that converts the mortgage backed loan which will produce cash flow at present and in future into negotiable securities which can be sold in capital market. For the rapid development of the real estate, many experts have done much research on it in our country during the recent years.Because the particular of China, we need chose the right mode and products. Now there have such mode of MBS and three principal Mortgage Backed Securitization: mortgage pass through security, collateralized mortgage obligations , stripped mortgage-backed securities. This paper analysis the state of China, think about the mode and products chose for China. Then make suppose for building the MBS. There have the practice and theory influence to our homeland that we should chose the mode and the products.This thesis includes preface and the text. The first chapter, the preface, mainly introduces the significance of this paper and the relevant studies on it.The second chapter goes to the introduction the basic theory of securitization of the housing mortgage loan which including the contents, characteristics of the securitization of the housing mortgage loan, and further construction of the main participators of the housing mortgage loan securitization and operation mechanism.The third chapter mainly discusses the environment from market and law.The fourth chapter introduces the prompt from the Subprime Mortgage Loans of USA.The fifth chapter make support for made chose basing on the forth analysis.The sixth chapter make support for the products chose.At last, the seven chapter introduces to sum up the thesis.