Environment And Strategic Analysis Of Asset Securitization

ABS is the process of conversion of securities, which is lack of floating assets but could bring cash flow steadily, into those with fixed income that can be sold and circulated in the money market by reforming the structure and combing its risk and income. Firstly, it came out on the basis of MBS in America in 1970s. Coming into 1980s, Asset Securities was widely used in all kinds of Non Mortgage-Based Securities by further development and created a new financial means, that is, ABS. At present, overseas MBS can be classified into four types: MBB, MPT, MTPB and CMO.Coming into 1990s, ABS developed rapidly in developed countries. The development of ABS is propitious to rise the capital abundance rates and break a new path for investing and financing. The Assets Securities of China could be started with Housing Mortgage Loan. We should focus on the circumstance of exterior, technology and the related sets to drive the national investment bank, commercial bank, asset certificates institution and accountant institution. Further more, we should guarantee the process of securitization by consummating the best mortgage loan market, optimizing the environment of securitization of housing mortgage loan, developing the related supporting system and training the certificated investors. Mortgage Loan Standardization, information system with high efficiency and the right individual credit system of mortgage loan are all included. The development of mortgage loan securitization should assort with its exterior environment, which are the support and participation of the government and construction of related system and rules of law.