China Housing Mortgage Loans Securitization Research

The Economic Nobelist Shape and Miler pointed out in 1990 that "Real estate securitization will be the importance of financial development". Along with the international economic becoming a whole unit, have been a global concept. Actualizing household mortgage securitization as an importmant form of asset securitization, it shows the developing soul of the world household financial mode.Household mortgage securitization includes credit risk, liquidity risk, interest rate risk and law risk. First of all, what we should deal with the unsloved problem is including:1) Solving the more and more serious risk what commercial bank faced; 2) insuring our financial system working safely and steadily; 3) Flourishing our real estate market. Actualizing household mortgage securitization had been approved by foreign experience that it's a effective way for solving the problem and promoting the the real estate market and financial market development.My thesis expatiated the basic theory of household mortgage securitization. Through reviewing the practice of household mortgage securitization in developed counties such as America, we got the reveal that actualizing household mortgage securitization is the requirement for the long-term development of our household finance, and it's also the necessary trend of developing household mortgage securitization market.My paper combined the present household mortgage securitization market situation and analysised the necessity and workability for actualizing household mortgage securitization in our country. The paper also discussed what we should complete and solve step by step in actualizing household mortgage securitization .Finally, according to the advance experience in developed counties, abiding the market rules, basing the real condition in China, I have made a design for household mortgage securitization in our country.It's no doubt that actualizing household mortgage securitization is the necessary trend for developing household mortgage market, but in Chinese special economic circumstance, we should combine the real condition analysising and impersonal treating. We should think it over before actualizing.