The Operation Of U.S. Housing Finance System And Enlightenment

Ameriean subprime mortgage crisis although past one year or so. But it have had profound impact on the global economy. Many well-known international financial institutions burst out of huge losses, Or even facing bankruptcy. Ameriean mortgage crisis not only lead to the global stock market crisis the sharp fluctuations in foreign exchange markets and commodity prices rise to float up and ultimately damage to the economic development entities. This article analysis the basic characteristics and operation mechanism of U.S. housing finance system. Focused on the U.S. subprime mortgage market and development, and loan crisis at the causes of and inspiration .At the same time, introduced the development process of China's housing finance and the basic characteristics. By comparing the two systems of housing finance, as well as a summary of sub-loan crisis gain the development of China's mortgage market inspiration and some recommendations. There are very important practical significance to China's real estate and housing finance.