Housing Mortgage Loans Securitization Model Study

At present, necessity,feasibility and obstacle of Mortgage-backed securitization (MBS) that might run into own to is it study in a large amount to make, but the mode to the MBS of our country and the studying of concrete operation scheme are fewer. So, I have done the mode of MBS on a large number of foundations studied, combine the domestic research results about expert , scholar and concrete national conditions of our country, analyse the pilot scheme of MBS to be pursued at present in our country, the full text has divided into five parts and carried on systematic research to the MBS mode problem of our country altogether.Charpter 1 explains the research background of the MBS of our country mainly, introduces main content, research approach and research meaning .Charper 2 analyses the theory of MBS. Firstly introduce the definition of MBS, disperse from risk , assets make up , fund dispose , credit divide the work , interests person who urge five respect analyse operation mechanism , Finally,announces the innovative origin of MBS.Charpter 3 draws lessons from the mode of the foreign MBS, carries on careful comparative research between balance-out mode and balance-in mode, analyses each mode in excellent inferior position that our country use , and draws form the mode is suitable for the national conditions of China.Charpter 4 introduces the current situation of MBS in our country, and our country implements the main obstacle that MBS face: Legal obstacle , accounting obstacle , tax revenue obstacle, and our country implements the mentality of designing of MBS and pilot scheme at present.In Charper 5 Combining the current situation and obstacle of our country, it is suitable for balance-out mode that our country pursues to structure one, the establishment , construction and cash flow of " assets pool " which involve the business company of the securitisation are recombinated, the design of variety of securities , credit increase grade , credit rating , issue and trade, such key problems as the pricing of the security ,etc.