Study Of Individual Housing Mortgage Insurance

As an effective means to stir up residential consumption, Residential Mortgage Loan has been developed very quickly in recent years. However, there are still some inevitable risks. Because of its risk transfer and loss compensation functions, Residential Mortgage Loan Insurance can prevent the risks of Residential Mortgage Loan to a certain extent, so its importance has been revealed gradually. And now, in our country, Residential Mortgage Loan Insurance is only in the beginning of its development, far from mature. We can see that there are few insurance products and insurance liabilities, etc.. As to the reason, I think it due to the monopolization of residential financial market to a great extent. For example, mortgage loan borrower is obliged to buy insurance, otherwise is not able to get the money. And this leads to insurance companies lack of momentum to innovation.However, with the impact of Housing Loan Guarantee, and gradual opening of Chinese financial market, renovating Residential Mortgage Loan Insurance is imperative under the situation. Deep study is done on Residential Mortgage Loan Insurance by this thesis, and there are four sections:The first section expatiates background and significance of the study on Residential Mortgage Loan Insurance, makes a clean definition of this insurance, points out that precondition of Residential Mortgage Loan Insurance is existence of risks, and sets force functions of Residential Mortgage Loan Insurance.The second section analyses effect of Residential Mortgage Loan Insurance from four different positions, such as positions of loan provider, housing buyer, etc..The third section sets force actuality of Chinese Residential Mortgage Loan Insurance, finds out that there are only three categories now, and compares several provisions between products from different insurance companies in same categories.The fourth section brings forward problems that exist in Residential Mortgage Loan Insurance now, and gives several relative measures. Furthermore, three new insurances are put forward in this part.The fifth section recommends three kinds of Residential Mortgage Loan Insurance from other countries, and some ways are put forward in this section.