Research On China’s Housing Mortgage Loan Insurance Legal System

The housing is very important to the people, it gets great attention all the time. Inour country, with the rapid process of urbanization, city housing system reform andhousing prices soaring, the housing problem has become a major social and economicissue. In order to achieve the social goal of " home ownership", our country activelydevelops housing mortgage business, develops a housing mortgage loan insurancelegal system.China’s housing mortgage loan insurance started late, with less experience,China’s housing mortgage loan insurance legal system still exists many problems, forexample: Housing Mortgage Loan Insurance lacks special regulations on compulsoryinsurance regulations; lacks of legal effect; insurance laws and regulations are notperfect; and many unreasonable of insurance products; many low-income people buyhouses, facing to the loan situation, coupled with the sale of housing, mortgages,perplexing relationships and contracts in a large number of format terms, the borrowerat the absolute weak position, which not only reduces the borrowers purchaseenthusiasm, but also not conducive to the long-term development of the housingfinance system.This article froms the theoretical knowledge of housing mortgage loans, thehousing mortgage loan insurance legal characteristics and value orientation of ourcountry, undertakes an analysis to the housing mortgage loan insurance legal systemcurrent situation, finds out the existing problems, by analyzing and learning fromother countries’ legislations and practice, combined with the actual situation in China,perfects a China housing mortgage loan insurance legal system, undertakes systeminnovation and types of innovation. The innovation of this article: the development ofnew laws and regulations; the introduction and innovation of the housing mortgageloan securitization of housing mortgage loan insurance system; product innovation;comprehensive introduction and comparison of foreign advanced experience. Housing mortgage loan insurance legal system can resolve the bank credit risk,solves the question of individual housing, stimulates the individual housingconsumption.On one hand, it is better to solve the housing problem, stimulates theindividual housing consumption; on the other hand, it can better protect the interestsof banks and promote banks for housing loans. In short, in order to better safeguardthe personal housing lender interests, maintain financial market stability and socialharmony, we must strengthen the risk of housing mortgage loan security, further aperfect China’s housing mortgage loan insurance legal system.